Lowest Rates- what does it means?

[Matthew Kwan]

For those who are currently shopping or looking for a loan since rate cuts has been a hot topic. Keep in mind that rates does not fully translate everything. Please also make sure how much points or cost you are paying by looking at the Loan Estimate. I see some lenders out there would just pick the "lowest" rate and the client ends up paying more than 1% of the loan amount at their closing costs.

Key point is "Lowest" rate does not mean the cheapest rate

[Ian Hogan]

Something that a lot of folks are likely not aware of, especially the newer investors. I wasn't aware of this until my lender ended up showing me all of these different options from a lender's view. Likely I wouldn't have seen this if I haven't done multiple deals with this lender for myself and clients. Always trade offs, especially depending on how long that buyer is looking to keep the property, or refinance. Thanks for point this out for folks!