Buying house is challenging and same is identifying lenders and buyers agent My agents are referring to large banks - First tech credit union, wells Fargo, keybank - I came across loan depot - there are individual lenders I meet when I visit houses / meet sellers agents / open houses. What is the best way to select one. Any experiences on the same, any criteria to get the best rates as well as lower charges. Go with 1. Firsttech credit union 2. Keybank 3. Wellsfargo 4. Loan depot 5. Others - please refer #loan #mortgage #lender #homebuy #housing #Bothell #Lynnwood #seattle
Bill McDonald 1st Security Bank of Washington. Don’t go with a big bank. You want someone who will pick up the phone when a selling agent calls them at 9:45PM
Who calls at 9:45 pm ?
Highly recommend Ryan Niles team at cornerstone. Great local guys
I have a great lender at caliber. Dm if you would like their contact. Great guy that goes above and beyond.
Use a broker. Less fees and costs every time
What is a broker , kindly let me know. I am first time buyer and trying to learn about the acronyms. Is broker same as buying agent?
Broker is more a middle man between you and the lender. Work independently and represent many different lenders and can shop lenders to find the best rate rather than working for a bank and being tied to one list of rates, etc. Closing costs can typically be cheaper because they tend to be smaller shops and don’t need to tie in additional fees to pay for additional overhead. They are paid through the lender so typically only necessities are tied into closing costs.
Thanks all for great suggestions, given such a dynamic set of options how did you all get to find the best for your situation. I mean what are the channels you used to find the right lender for you.
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I had a good experience with pnc bank. DM me for more infor