Mortgage rates: are they really as low as they advertise on web

[Jack B.]

Aimloan, Navy Federal Credit Union, etc. 

They say they have rates from 3.25 to 3.35 % based on my 830 credit score, 20% down, etc. on their websites "rate quotes". I wonder though once they do a hard pull on my credit, will it really be more like 3.5 to 3.75%? The super low rates are the bait to get you to apply with them? Also I've read mixed reviews with places like AIMloan and Navy Federal. Lot's of people say the process with them is atrocious, more and more documents, day after day, switching people on them, all kinds of nonsense.

My broker of 10+ years is able to get me 3.75% on a 30 year fixed conventional right now. He has been easy to work with, is knowledgeable about the industry and has sent me pre-approval letters while on vacation...I don't know if it's really worth bothering with these other places. It's been no issue building my portfolio with him and I'm hesitant to change this variable.

I did get a sweet deal with one company once due to it being an auction deal and you had to use a specific lender (Nationstar I think it was) and I had to write a letter about why I have so many houses, prove that I was moving because of x, y and z, etc. Never had issues like this with him.

What say ye? I don't think it's worth the risk for the .25-.5% rate difference.

[Russell Brazil]

@Mary Mitchell

Keeping more cash in my wallet.