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H110Hawk posted:Yes. Because most people think they're all the same or don't know they're allowed to shop it around and negotiate pricing. Get 3 bids for the same loan and compare them. Pretty much the only thing you need to worry about is their ability to close within the deadline. You will likely see thousands of dollars in difference between lenders. Some are as simple as "This bid is entirely identical but this one says Mortgage Fee: $2,500" or whatever - It's the ticketmaster game but without the monopoly. This is great info, I have some follow up questions of you dont mind. Would this entail getting an appraisal done for each bid? We are just looking at one mortgage company right now and the main things putting us off looking at more than one are the amount of paper work required to even get an approval letter combined with having to pay hundreds of dollars for an appraisal. We have our mortgage approval letter now and are hoping to close in the next two months or so (this is a co-op in NYC so everything takes ages.) We never got anything like a loan estimate form from the lender we are working with. How much of this process will I need to go through in order to get a loan estimate form from another lender? Sorry if I sound totally clueless here, it's because I am...
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Feb 14, 2018 20:37
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Oh poo poo, I just bought a house. How hosed am I?
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Apr 13, 2018 21:14
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oh gently caress
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Apr 14, 2018 00:04
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in_cahoots posted:I’m under contract to buy a house, and my mom is now asking why I only have a realtor and not a real estate lawyer writing up the paperwork. Apparently when she bought and sold on the East Coast the realtor did the showings while the lawyer wrote up the contracts. Its funny, it was the opposite for my wife and I. Her mother works with real estate in Texas and was really confused at first why we needed a real estate lawyer to be involved for our purchase in NY. Not sure about the rest of the East Coast, but NY requires a seller and buyers attorney to hammer out all the contract details. This is not the norm elsewhere.
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May 9, 2018 16:44
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