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Updated almost 4 years ago on . Most recent reply

Christian Leon's profile image
Christian Leon's profile image
Christian Leon
  • Investor
  • from San Marcos, CA
  • Member since Apr 15, 2021
  • Posts 31
  • Votes 21
  • Experience 6 Yrs
  • Investments 2
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Christian Leon's profile image
Christian Leon's profile image
Christian Leon
  • Investor
  • from San Marcos, CA
  • Member since Apr 15, 2021
  • Posts 31
  • Votes 21
  • Experience 6 Yrs
  • Investments 2
Connect
Christian Leon
  • Investor
  • San Marcos, CA
21
Votes |
31
Posts
Buying & Selling Real Estate

Lender shopping for a Better Rate

Christian Leon
  • Investor
  • San Marcos, CA
Posted

Hello BP Community,

I have just put an initial offer on a property in JAX, FL with a preapproval, but I want to shop around for a better rate. Currently sitting at 3.875%. Anyone have any suggestions on a good lender that could beat that? I have great credit and a low D/I ratio. Any suggestions welcome! 

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Lien Vuong's profile image
Lien Vuong's profile image
Lien Vuong
  • Real Estate Agent
  • from Boston, MA
  • Member since Jun 17, 2018
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Lien Vuong's profile image
Lien Vuong's profile image
Lien Vuong
  • Real Estate Agent
  • from Boston, MA
  • Member since Jun 17, 2018
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Lien Vuong
  • Real Estate Agent
  • Boston, MA
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Lien Vuong
  • Real Estate Agent
  • Boston, MA
Replied

If that's an investment property it's a fair rate. You can go with a local lender by calling local Savings Banks to get a more competitive rate but until you have an accepted offer lenders will not be able to give you the most secure rate, closing cost, and lender credits (if available). 

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