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Updated over 4 years ago on . Most recent reply
Lenders everywhere I look! How do I choose? (Military Vet buyer)
Hello BP! The SFH that I bought to live in in Washington state (my landlordliness includes only a a rented room for now but thanks to y'all we have a plan for more) was purchased using a 0 down Veteran loan from Veterans United. Everything was fine and dandy BUT they sold my loan immediately to PennyMac and now I'm wondering if I should go to PennyMac for my second place I'm looking to buying this fall in Colorado (also to live in, we are moving, hoping for a duplex, gonna sell the WA home for a little profit to put at least 3.5% down on house 2).
I get ads for lenders all the time, do I stay with the original ones that sold my loan cuz they were nice, go with bigtime company PennyMac or look for more? PennyMac says they will get me a better interest rate and less fees because they are huge, work the loan forever, and eliminate the middle man lender.
Thoughts? Thanks!
Paul
Most Popular Reply
@David Pere wow, thanks so much. I feel like I just grew a foot taller with this information. I will reach out to those you mentioned. Have a great day.