All Forum Posts by: Hartley Schwartz

@Sam Zawatsky so on the rate side it seems that most lenders are staying in the same range, of course this depends on the product you are getting. When you say extra costs, what extra costs are they throwing in for? 

Also, are you going directly to lenders or working through a mortgage brokerage? 

@Cade Olof Agreed! 

@Sam Zawatsky did you feel that the lender who offered the better price and rate was getting you the option for your refinance? 

@Joe Splitrock So from what I understand it hard to really know what rate you will be getting, as it is dependent on FICO score, Debt to income, and LTV.

Hey looking to understand some tips in making sure that the potential lenders I am speaking with are offering me the best possible solutions for my situation. 

What are some good questions I should be asking a potential lender?

Thanks and appreciate any help. 

Hey William, so this is just me thinking out loud here. But doing a cash-out refi seems great if you are planning to buy another property. For me, I would be making sure that beyond the down payment, my debt to income and the LTV's of the market you're looking to buy in, will allow you to get approved for the best rates possible. Of course, this is only true if you plan on using debt to purchase this second property. If it's a cash buy, well disregard everything I just said.