Lubbock National Bank
These are the 2 lenders that I would recommend. I have them used them in the past and they are both phenomenal. Make sure you use. Local lender stay away from lenders that don't have local under writing. You really need to sty away from Wells Fargo and Bank of America.
If you have any questions please feel free to call me 806-778-8400.
Also. Rates and fees go hand in hand. Lowest rate = highest fees and lowest fees = higher rate.
1. Loan amount?
2. Rate offered?
(214) 763-4629 cell/text/nights/weekends(Really!!)
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Licensed Mortgage Loan Officer
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It depends on the type of loan you take out and the lender you're working with.
For example: If you're doing an FHA loan you'll pay the upfront mortgage insurance premium which goes directly to FHA. This is going to make your closing costs seem higher but the premium is financed into the loan.
You also need to remember that there are costs involved that the lender has no control over, like title insurance.
You do have some options.
You can take a slightly higher interest rate to reduce or eliminate your total closing costs.
You can negotiate with the seller to have your closing costs paid by the seller.
Please fee free to call me if you would more information. I'll be happy to break down the quote you have and provide you a quote on what I can offer.
Senior Mortgage Banker
It is good to question fees, but don't always go with the lowest cost provider.
You are right, with some lenders they do add a lot of fees that are negotiable.
Sometimes lenders will tell you what you want to hear.
They can sometimes make the fees go away with a higher interest rate for example, which might cost you more money in the long run.
Ask the advice of your realtor and they will often point you in the right direction. Get the GFE from 3 lenders and compare. Make sure your realtor or other people you trust have also used them.
You might take a look at Quicken Loans online and also check with a local credit union. They both have had super low fees in the past.