My client was working with a mortgage broker and had received their pre-approval letter and were ready to buy. Before we got started I asked that they speak with a direct lender whom I have had excellent dealings with in the past in order to compare rates etc. My buyers agreed and boy were they glad they did...
It turned out that the mortgage broker had charged them $4,500 in lender fees. THIS IS INSANE! Now my buyers can breathe easier when it comes to their upcoming closing costs and now we are “Under Contract” with the home of their dreams!
I’m so glad they took the time to shop around & I’m certainly glad to have such an honest and competitive contact in the mortgage industry. Next time you are looking into a loan, remember to watch those fees!
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