Are you shopping for a home on Zillow and have not applied for the loan yet?
Do you want to save yourself money and stress?
Solution: Contact a lender ASAP to get the loan pre-qualified or ideally pre-approved. Why? Because, too often buyers find the perfect home and want to submit an offer. Of course, the realtor wants you to submit the offer ASAP so they can earn a quick commission.
Additional “Do’s”:
- Request a quote from me, Dan the Man for Mortgages
- Today, BEST, 5.375% rate, 5/5 ARM, no points, 5.88% APR, $4,879 credit to cover closing costs
- Consider requesting a quote from another lender as a comparison
- Shop for home insurance providers too, there are big differences in rates
Additional “Don’ts”:
- Don’t shop for a loan on Zillow, their rates and terms are terrible versus much better options
- Don’t ask the seller’s realtor to represent you, as they will not look out for your best interests
- Don’t buy any other big ticket items prior to home purchase
Loan scenario for Anthony this morning for the quote above: $1 million purchase, 20% down payment or $800k, condo, 780+ credit score, owner occupied, Orange County, CA.
Call 714-310-4162 for more information, rate quotes on residential and commercial loans in ALL 50 States.
Recent Google overview of Dan the Man for Mortgages:
“Dan the Man for Mortgages generally receives highly positive reviews, with clients frequently praising his professionalism, knowledge, and ability to secure favorable rates and terms. The business is also BBB accredited.”
“Dan the Man for Mortgages generally receives highly positive reviews, with clients frequently praising his professionalism, knowledge, and ability to secure favorable rates and terms. The business is also BBB accredited.”