A home is probably the biggest investment you’ll make.
But your mortgage can also be a big payday for some lenders if you don’t do your research. There are many mortgage companies that seem to have a ton of good reviews online, and they’ll even come highly recommended by your real estate agents. Yet their Loan Estimate list thousands in origination fees, and can cause you to miss out on properties due to having to ask for ridiculous amounts of seller paid closing costs.
Read my article on How do mortgage loan officers make money for more insight into how things work, and what affects your interest rate.
The Consumer Financial Protection Bureau (CFPB) has a great tool they don’t advertise much. Use it to see how the rate you were quoted stacks up against the state average (make sure to select Utah and your loan parameters).
If you’re reading this, things may not be going great with your current lender.
Are you wondering if you’re being charged too much?
Do your questions go unanswered time and time again? Perhaps you’re being pressured by a builder to use their preferred lender, and something doesn’t quite feel right.
Don’t make a mistake that you have to live with for the life of your mortgage loan. Whatever your reason for reaching out is, I can help put your mind at ease, or teach you how to dig yourself out of trouble.
Seeking a Second Opinion
Contact me for a hassle-free, no-credit pull Utah local mortgage second opinion if your current/prospective lender has:
Provided you with a (high) Loan Estimate of costs/Quote
You work hard for your money, and you want to make sure you are getting the best interest rate possible. Your second opinion quote is just an email away: [email protected]. No credit pull necessary.
You’ve been charged a hefty application fee
Companies that charge application fees are usually over-priced and they know it. That’s why they try to get you committed. I can provide financing with significant enough savings to easily justify the move.
Already performed an appraisal on the property but…
You are not happy with other aspects of the loan process. No need to feel trapped. Government loan appraisals are easily transferable, and many more lenders are now accepting Conventional appraisal transfers as well.
Denied your application, especially after an initial approval
Unless you just got fired from your job or stopped making your credit payments, you might need an exception that your current lender cannot make. As a broker, I have access to a number of different lenders who can better accommodate different loan scenarios.
Lied to you
The best case scenario you are dealing with is incompetence. You are likely being squeezed into an overpriced loan as your patience is thinning, and the deadline closes in.
Whatever the reason, there is no need to settle for anything but the best. There is no reason to feel stuck in a bad loan experience.
