lucky760
New member
I am in the latter stages of a purchase of a new build. Until recently I'd only been dealing with the lender that the builder requires you pre-qualify with.
Once I finally got within striking distance of a rate lock-in, I decided it was time to explore other lenders. The only person I've had recommended to me is member Soylent Green Is People here on Talk Irvine, so I gave him a call.
Before I say anything else, I must stop and tell you if you're in the middle of getting a loan, drop everything and call him NOW. His name is John and can be reached at 949-683-6724. I honestly made the call thinking there's probably little different he'd be able to offer. I could not have been more wrong. Not only is John an extremely patient, informative, and helpful fellow, but he made me feel extremely comfortable and wise about my options and how I might possibly proceed, even if that meant proceeding with the other lender.
My deal at the builder's lender was to lock in 3.25% (30 years fixed) with a $5,000 lender credit to be applied to closing costs. John, using his incredible bank, was able to offer me the same interest rate, but also offer about $21,000 in lender credit. Even more incredibly, a large chunk of that was to be applied to the Mortgage Insurance which was otherwise going to be financed into the loan (and it is a big amount). The net difference John was offering was to lower my loan amount (thus lowering my mortgage payments by nearly ~$150/month) and lower my cash due at close by a few thousand.
Long story short: Don't bother talking to any other lender [I don't mean that literally], and don't ever think for a second it's not worth seeing what he might be able to do for you. You really could save yourself a great deal of money and heartache. More importantly, he has such an incredible, professional, friendly presence, so you never have to worry about feeling like you're asking a stupid question or making a bad decision.
Three cheers for Soylent Green Is People!
Once I finally got within striking distance of a rate lock-in, I decided it was time to explore other lenders. The only person I've had recommended to me is member Soylent Green Is People here on Talk Irvine, so I gave him a call.
Before I say anything else, I must stop and tell you if you're in the middle of getting a loan, drop everything and call him NOW. His name is John and can be reached at 949-683-6724. I honestly made the call thinking there's probably little different he'd be able to offer. I could not have been more wrong. Not only is John an extremely patient, informative, and helpful fellow, but he made me feel extremely comfortable and wise about my options and how I might possibly proceed, even if that meant proceeding with the other lender.
My deal at the builder's lender was to lock in 3.25% (30 years fixed) with a $5,000 lender credit to be applied to closing costs. John, using his incredible bank, was able to offer me the same interest rate, but also offer about $21,000 in lender credit. Even more incredibly, a large chunk of that was to be applied to the Mortgage Insurance which was otherwise going to be financed into the loan (and it is a big amount). The net difference John was offering was to lower my loan amount (thus lowering my mortgage payments by nearly ~$150/month) and lower my cash due at close by a few thousand.
Long story short: Don't bother talking to any other lender [I don't mean that literally], and don't ever think for a second it's not worth seeing what he might be able to do for you. You really could save yourself a great deal of money and heartache. More importantly, he has such an incredible, professional, friendly presence, so you never have to worry about feeling like you're asking a stupid question or making a bad decision.
Three cheers for Soylent Green Is People!
