In the past, I have had clients that spent a lot of time chasing down the best rate for different lenders.
Well... pretty soon that exercise won't do you a bit of good.
Starting April 1st, all lenders will have the same rate to offer buyers. There won't be anyone that can offer you a better deal. It will level the playing field.
What you will have to look for is the best service.Get expert advice on this.
After all the years in real estate,I can tell you that all lenders do not work the same.
I know the ones that work hard, stay in close touch with clients and their agents, can get loans closed on time
or can troubleshoot with accuracy when sticky problems arise.
Ask me and I can give you a very short list.
Another change is that the lender will be required to check your credit report 3 times before closing.
- In the begining when you get started,
- when the loan package is sent to underwriting
- and then at 12:01P on the day of your closing.
I can't stress enough not to be late on any payments, don't pay off credit cards and close accounts and don't go buy furniture or appliances before you get the house.
As a buyer's representative, it's my job to help my clients through the maze of lenders, inspections, touring properties and offer good advice.
Our plan is to get you to a successful closing painlessly..