RSS

Tag Archives: Negotiating

Are you overwhelmed by the loan process?


Are you overwhelmed by how to research and find a good lender or how to compare the rates and fees?

Confused by what the broker says?

Wondering if your quote is competitive or who to trust?

I’m the Mortgage Fee Coach. I help you, the borrower, find the best quality lender and the lowest rates & fees.

If you have a quote(s) from a lender(s), I help you compare it with other lenders.

Don’t have a lender? I provide suggestions.

If I find you a better quote, than I will provide the lender information.

I only get paid when I save you money and I receive nothing from any lender!

My average client has saved over $10,000 because I helped them either negotiate a better rate and fees with their current lender or directed them to a better lender.

You will have peace of mind that you received the best possible loan.

Call now to learn how I can save you $$$$, 949-484-6322

(Copyright 2013 Mortgage Fee Coach, Inc. All rights reserved. This posting or any portion hereof may not be reprinted, sold or redistributed without the written consent of Dan Stone).

 

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Searching for the right mortgage lender? Watch a “Priceless” client testimonial


Are you overwhelmed by the loan process? Wondering who to trust? Confused how to find the lowest mortgage rates and fees? Unsure how to compare it all? Would you like a personal shopper to do it all for you, at virtually no cost?

Watch this video to learn more about how I can save you $1,000’s, which includes a clients’ “priceless” testimonial experience.

I compare many different lenders rates and fees for you. I help you shop for the best deal between many types of lenders. I also research the quality of each lender and loan officer, their Better Business Bureau rating and many other social media websites for you. Having 24 years experience in mortgage banking, I provide the information in a simple and easy to understand format so you can make a better informed decisions about which lender to apply for a loan. Best of all, I only get paid by you when I save you $. I saved a recent client over $1,800 more than the lender they were going to choose. Call now for a free consultation and I’ll show you how.

Description of Mortgage Fee Coach services:
– helping borrowers compare & negotiating lower rates and fees on home mortgage loans
– compare the quality of mortgage lenders
– client testimonial, saved them over $1,800 on their loan
– providing clients peace of mind through the process by an impartial mortgage professional
– services are virtually free, because I’m paid 20% commission on the amount I save you.  If I don’t save you $$$$, then there is no cost to you.

 

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

How To Request A Mortgage Rate Quote: What The Lenders Don’t Tell You!


Most lenders do not expect you to shop around for quotes. They plan to persuade you to stay with them, because you trust them. Or, if a realtor referred you to a lender, the realtor expects you to trust they know and trust the lender, so you should too. Shouldn’t you always shop around, so you can make sure you are receiving the best deal possible. But, comparing quotes is very difficult and time consuming, since every lender seems to have different fees, rates and quoting styles. Bottom line, the lenders don’t tell you to request the quote on the same day and time. Normally lenders do not change their daily pricing unless the market changes by .125% – .25%. But, because rates move minute by minute, you should request quotes from all the lenders on the same day and all within approximately 1 hour of each other. So, you can make sure you are comparing rates, points, fees and payments on a level playing field.

Every lender promotes they have the best rates possible. Shocker!!  But, there are always differences. A client of mine was refinancing, called his current lender, only to find out their quote was .50% higher than the lender I suggested.  How can that be?  Here are a few simple steps to follow:

  1. Be prepared.  Gather your information ahead of time, such as loan amount, property value, term, etc.
  2. Go online to request your credit score at http://www.freecreditreport.com/ I suggest paying $1, which will include your credit score.
  3. Find 3 lenders you trust, …well think you might trust the most. My belief is you don’t know who you can trust until you meet them and get to know them. A salesman is ……well, you know, salesman. They are best at selling you things. So, research them first. See my blog researching lenders.
  4. Should you use online lenders? Only if you are willing to give-up personalized service for price.
  5. Should you use a friends referral? I suggest always requesting a quote from a friend, but always compare it to several other lenders. Just because your friend trusted them, doesn’t mean they received competitive pricing or that you will receive competitive pricing.
  6. Request quotes on the same day and time. Rates change by the minute. This is very important.

Now the challenge is to compare rates, fees, points & payments. Do you know what is negotiable? Most lenders don’t explain this either. Do you trust your lender to look out for your best interests? It is a profit transaction for them. This is what I do, and the most important step. Every lender charges different fees in different ways. I also know very trustworthy lenders that I have worked with for many years. One of the reasons my suggested lenders can offer better pricing is because they do not have to advertise for my leads, saving them $1,000s. In addition, they know my clients are extremely well educated in the loan process, because I look out for their best interests. If you have questions, contact me.

 

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , ,