dare to compare (rates)

This message is for every REALTOR out there that has spent countless hours negotiating a $500 (or less) repair for their client.  I know how hard that can be.  Amazing work!

But what about the cost of the loan?  Your clients may be losing thousands (if not tens of thousands) of dollars AT CLOSING by simply not getting a second opinion on rates.

I was truly amazed by the differences between lenders when I recently returned to the mortgage broker world

This morning I ran a few scenarios comparing Rocket Mortgage’s (boo!) posted rates with the options I have available.  On a sample loan size of  $400k, the savings at closing (not over the life of the loan) were around $9,400 on a conventional loan and $11,000 on an FHA loan. 

Or, keeping the costs the same, the interest rate was over 0.5% lower.  That’s over $135/mo savings EVERY month, or like shaving $20k off the price of the home.

If you know anyone that wants a second opinion, just have them give me a call.  No credit check needed.  In ten minutes I can save them a LOT of money, or let the know they have a truly amazing deal.

Lower rates, better service, happier clients.  That’s what Otter Mortgage is all about!