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Updated about 2 years ago on . Most recent reply

Agency for being pre-approved
What financial institution do you recommend to get a pre-approval? Financial companies, banks, credit unions, etc?
Most Popular Reply

Hi Berkay,
I always recommend getting quotes from all different sources - credit unions, big banks, lenders, brokers as we all offer different pricing/interest rates/costs/credits and weigh out your options since every loan scenario is different and sometimes lenders can beat credit union pricing especially if it's a unique client/loan program they are trying to obtain.
When you're talking to a loan officer, good questions to ask:
1.) How long have you been in the industry?
2.) What type of loan programs can you offer my clients?
3.) Are you certified to give grants/down payment assistance to my clients?
4.) What type of loans do you specialize in? FTHB? refinance? non QM?
5.) What is your typical loan process/turn around times?
6.) What type of rates are you currently offering?
7.) Are you available weekends/after office hours for last minute pre-approvals/solidifying pre-approval letters to seller agents?