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Updated about 6 years ago on . Most recent reply

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19
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Jaz Patel
1
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19
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How to compare 10 different official loan estimates from lenders

Jaz Patel
Posted

How to compare 10 different official loan estimates from 10 lenders to find best deal?

All these 10 different official loan estimates have different numbers for everything.

Please advise,

Thanks!

Most Popular Reply

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180
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161
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Adam Gollatz
  • Rental Property Investor
  • Milwaukee, WI
161
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180
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Adam Gollatz
  • Rental Property Investor
  • Milwaukee, WI
Replied

Are we talking about traditional 30yr fixed loans or commercial loans? To be honest, unless the numbers are drastically different, I wouldn't worry about it too much. 100k at 5 vs 5.5% is about 30 a month difference on a 30 yr fixed.

I would select the bank that offers the widest variety and most flexible loan products so you can use this as a chance to start building a relationship with them. If that advice doesn't help, go with the one that has the lowest closing costs and make sure the numbers work for my deal.

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