Housing

How to shop around for a mortgage?

Medallia ailladeM
Feb 3

Is there a single place to put your numbers in and get results from multiple lenders or you need to walk and personally meet them face to face?

p.s. TC or GTFO

comments

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  • OpenTable Meliodas
    Many places will give bait and switch numbers, but no. There is no one site that will give guaranteed rates and terms across lenders.

    The industry doesn’t want transparency, they extract rent due to the lack of transparency.
    Feb 32
    • Medallia ailladeM
      OP
      In this case what's the process? You definitely don't want to explore 100 options / lenders . Appreciate the comment.
      Feb 3
    • OpenTable Meliodas
      Shop published rates then explore further with a few lenders.
      Feb 4
  • New ktFx33
    Just don’t give them your social or they’ll pull your credit in order to lock you in
    Feb 30
  • Intel holy_moly
    Most the lenders in Bay Area are thugs. They will want written proof to match their competitors rate and then they will beat it. Like another user indicated, call a few and ask your friends who bought homes as well for their contacts. Pick not just the one who gave you the least but one whom you are comfortable with. You want the lender to respond when you have questions or want to close on time.
    Feb 38
    • Medallia ailladeM
      OP
      That's the main problem. No one in my close circle owns a house so I'm looking for advice outside. Thanks though.
      Feb 3
    • Intel holy_moly
      I can give you my lender contact if you want assuming you are looking in Bay Area.
      Feb 3
    • Medallia ailladeM
      OP
      East Bay. That'd would be a good start. Thanks mate.
      Feb 3
    • Intel holy_moly
      I live in east bay. Send me a PM.
      Feb 4
    • Chase Amhit
      Lender are not thugs, they follow compliance, hence they need proof. Don't talk about what you don't know.
      Feb 4
    • Intel holy_moly
      Compliance to what? They obviously know their competitors rate and they can offer the rate upfront than asking to do the leg work and rather than doing the bait and switch. Feel free to disagree and and yes they are thugs to the most part.
      Feb 4
    • Intel holy_moly
      And yes chase was the worst. Locked me in when I did not give the OK to proceed at all. Great job Chase!!
      Feb 4
    • Chase Amhit
      I don't believe lender would be allowed to lock the rate without customer's consent. Lenders compare not only rate, but also lender's fees. And when it comes to the pricing request, it's all the about relationships and it has to be profitable. You are probably not worth doing business at all. And I can see why now :)
      Feb 4
  • New
    iIIg50

    New

    PRE
    Microsoft, IBM
    iIIg50more
    Rocket mortgage. Awesome expedited work & fast turnarounds. Owned I think by Quicken?
    Feb 31
    • OpenTable Meliodas
      Bullshit. The app is a scam. It claims it is fast and can all be done from the app, but it is just a lead generation tool and some asshat will call anyway to go over everything you had to enter with a mobile interface.
      Feb 4
  • Facebook public2
    Costco
    Feb 30
  • Facebook bunny lol
    Use a mortgage agent who will do this exact shopping around for you.. they will take a commission, but it evens out because, they let you access wholesale rates from lenders
    Feb 30
  • Symantec O (1)
    Reach out to few: BofA, Wellsfargo, Credit unions.
    They need your business more than you need theirs. Pit them against each other and have them beat the other offer.
    Feb 30
  • Sprint / Product
    ifTW74

    SprintProduct

    BIO
    Tech project program manager
    ifTW74more
    Costco offers a low cost mortgage. The interest rate will be competitive
    Feb 40
  • Capital One EXwk33
    I would use bankrate, lendingtree, or another site like that
    Feb 30
  • Uber Guiliani
    Sort in ascending order the rates shown on Zillow mortgage. Online lenders are more likely to beat any big brick and mortar bank. Sebonic Financial has a rep for being very competitive. Alternatively, Annie Mac.
    Feb 30
  • Chase / Mgmtgrizzlyed
    bakrate
    Feb 30
  • Yelp / Eng
    welppp

    YelpEng

    PRE
    OneMarket
    BIO
    Let’s play some pingpong or badminton
    welpppmore
    Better.com
    Feb 30
  • Oath / MgmtAtinlay
    TC?
    Feb 30

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