Re:Ask HN: Buying house – any disruptors I can use?
by roland35 on Saturday September 25, 2021 @06:42AM
(#28652045)
I used better for my first refinance, super easy to work with! I did have to use a different lender for a second refi since there seems to be a 6-month cooldown period (rates kept going down...)
My only recommendation for buyers is to do some cross-shopping, since it is pretty easy to compare different loan options. Lenderfi is good alternative. I have heard most lenders can generally match each other. Your credit will only take 1 hit when shopping for different mortgage lenders, at least for a certain time window.
You can shop around for various services (helpfully listed on the loan estimate as You can shop for..), but the most you can save is a few hundred $ there.
Lastly, you can ask to have no escrow for insurance and property tax! As long as you have discipline to pay the tax bill and home insurance once a year this makes it a lot easier, especially when you sell or refinance, since you don't have to wait weeks for the escrow to pay you back.
My only recommendation for buyers is to do some cross-shopping, since it is pretty easy to compare different loan options. Lenderfi is good alternative. I have heard most lenders can generally match each other. Your credit will only take 1 hit when shopping for different mortgage lenders, at least for a certain time window.
You can shop around for various services (helpfully listed on the loan estimate as You can shop for..), but the most you can save is a few hundred $ there.
Lastly, you can ask to have no escrow for insurance and property tax! As long as you have discipline to pay the tax bill and home insurance once a year this makes it a lot easier, especially when you sell or refinance, since you don't have to wait weeks for the escrow to pay you back.