Shopping lenders - Posted by disciple

Posted by disciple on May 04, 2006 at 07:37:19:

Thanks a ton…

Shopping lenders - Posted by disciple

Posted by disciple on May 03, 2006 at 14:37:20:

How do you folks shop lenders? Can you shop them without getting your credit pulled? What’s the best way to find the best deal?

Re: Shopping lenders - Posted by Max-Va

Posted by Max-Va on May 03, 2006 at 16:08:51:

I get a copy of my credit report and take to the broker. He then can see what he has to work with and which financing plan is best for me. After we agree he then pulls credit for his file.
This results to only one hit to credit score.

Re: Shopping lenders - Posted by dutch

Posted by dutch on May 03, 2006 at 15:09:34:

What would make you chose one over another? What exactly are you shopping? Lowest interest rate is not always the best deal, you have to check fees, points, etc. Are you going to keep the property for 30 year? Shop interest rate. If you are going to own it for only 3-5 years, shop fees. Less than that, who cares. Buy it, flip it, move on.

Dutch
OKHomesavers

Re: Shopping lenders - Posted by disciple

Posted by disciple on May 03, 2006 at 15:17:32:

This is a long term hold. I just don’t want my credit constantly being pulled. I want to know what ALL the fees are going to be, NO SURPRISES at closing or I’m walking right out of the closing. =^)

Re: Shopping lenders - Posted by dutch

Posted by dutch on May 03, 2006 at 15:27:31:

Then use a mortgage broker. He only pulls once and then shops for the best deal for you.

Normally, mortage pulls don’t hurt your credit if you buy within a time frame, 3-6 months I think. But I could be wrong on that.

Dutch
OKHomesavers