Is Saving $17 Per Month Worth Taking A Risk?

Mortgage and Lending with Primary Residential Mortgage Inc. NMLS 3094 NMLS # 260747

Is Saving $17 Per Month Worth Taking A Risk? That's the title to this blog and refers to borrowers who disregard a realtors referred lender of choice, all in saving 1/8 to the rate. Yep, on a $250,000 loan amount (the average loan size for Ukiah, CA. in Mendocino County, CA.)  the difference between 3.875% and 4% is $17 per month. I spend more on coffee at my favorite coffee place on a weekly basis, but yet many a home buyer will risk their home buying process to somebody they meet online, and never will meet in person and most likely wont talk too for more then a few times.

What I am trying to convey to any home buyer is that they are going to be better served by working with a local lender, that has been referred by their realtor, becuase if that lender is going to be in thier industry for any length of time, they will get the deal done in a timely manner and to the home buyers satisfaction since they care about the next referral from that realtor. My reputation matters to me. Thus, I care about making sure we get the deal done, at a competetive rate, and that the client is a "happy camper" when the transaction is complete. 

So, Mr. and Mrs. home buyer, listen to your real estate agent. Besides, when it comes to service, its like shopping at Kohls or Nordstroms, the experience is completely different, which one do you want? 

Posted by

Rick Costa





NMLS # 260747 Representing Bay Equity Home Loans NMLS # 76988


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Rick Costa

FHA/VA/USDA expert
Doing the hard to get done loan!
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