05/06/2024
🚨Todd Z’s Home Buying Tip/Warning🚨
It seems that the credit bureaus are selling lists or somehow releasing information of buyers that are getting preapproved for a mortgage. If you recently got preapproved you may be getting phone calls and texts from a bunch of mortgage companies. They will usually promise you a lower rate, free appraisal, yada yada yada… If it sounds too good to be true it is.
They will promise you the world up front and then will hit you with appraisal fees, point buy downs, origination fees, etc. They do this once you are getting near closing and you’re up against deadlines and you’re feeling pressured. ALWAYS ASK FOR A LOAN ESTIMATE UP FRONT!!!
Please put your trust in your Realtor to make sure you are working with a reputable lender.
As Realtors we’ve seen all kinds of scams and are here to guide you away from them. We always have your best interest in mind.
You are welcome to use any mortgage company you choose. Your Realtor will have some excellent lenders to refer you to also.
As always, if you ever need any real estate advice, please feel free to reach out to me.