Florida Real Estate Blog

Here is why, we just closed 3 homes this past week and in reviewing the closing documents (we get to see them at the closing table or just before) it reminded me why I always harp that buyers must get a second opinion and recommend at least 3 opinions.

Of those 3 loans we just closed buyer number 1 did shop his loan and paid $750 or 0.59% of the loan amount. Buyer 2 did also and paid $1,560 which was 1% of the loan amount. While buyer 3 had a friend recommend person and paid $3,187 or 1.59% . Please shop

your loan, buyer 3 over paid by $2,437. Another thing to stay away from is buying down your rate. It is strictly a way for them to increase their commissions.

I see this happen far too much yet at times I feel like a buyer will think I am steering them to some loan officer. That is not my intent as we have at least 5 companies on our web site. One thing I can guarantee you. Buyer 3’s Loan provider will not be there.