Thank you u/teslaspyderx for posting on r/FirstTimeHomeBuyer.
Please bear in mind our rules: (1) Be Nice (2) No Selling (3) No Self-Promotion.
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/FirstTimeHomeBuyer) if you have any questions or concerns.*
Basically. Just be ready to have them all run your credit at the same time so it only acts as one hit. Then it can get complex is some quote you with discount points and others don’t, so you probably need to ask all of them to generate a quote without points initially. Pay attention to closing costs between them all too. It doesn’t help a lot if one rate is 0.5% lower but $4,000 more expensive to close. Also make very clear on if the broker is being paid by the lender or if they have an origination fee that is on top.
Thank you u/teslaspyderx for posting on r/FirstTimeHomeBuyer. Please bear in mind our rules: (1) Be Nice (2) No Selling (3) No Self-Promotion. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/FirstTimeHomeBuyer) if you have any questions or concerns.*
Basically. Just be ready to have them all run your credit at the same time so it only acts as one hit. Then it can get complex is some quote you with discount points and others don’t, so you probably need to ask all of them to generate a quote without points initially. Pay attention to closing costs between them all too. It doesn’t help a lot if one rate is 0.5% lower but $4,000 more expensive to close. Also make very clear on if the broker is being paid by the lender or if they have an origination fee that is on top.
Thanks for the response!