BEWARE of the rate sheet quotes, it may be “bait and switch”.
Many loan consultants just quote the lowest rate on their rate sheet. If a loan consultant hasn’t reviewed your credit history, especially your exact credit score, then they cannot quote an accurate rate and payment.
BEWARE if a loan consultant hasn't reviewed the current comparable home sales.
The value of the home in relation to the loan amount is a key factor in determining the interest rate. If the loan consultant has not reviewed the recent comparable home sales in the area to estimate the value, then they cannot quote an accurate rate and payment.
BEWARE if a loan consultant hasn't seen and reviewed your proof of income.
Income documentation is now required on all purchase loans and most refinance loans. If the loan consultant has not discussed and reviewed your income, then they cannot quote an accurate rate and payment.
At Skyline Home Loans we believe in full disclosure and we only quote what we can actually deliver to you.
We take the time to research and prepare the best options that you will qualify for. We will never bait you with a low rate, only to switch you at closing because we didn’t know all the data.
We show you the fees upfront (before you sign) and pass along the lowest interest rate you qualify for. We want your business now and in the future. Give us a call and find out why our customers love us.
Are you ready to move forward with a purchase or refinance? Please give us a call at 888-810-1459 and let us help you secure financing for the purchase of a new home or save you money on the refinance of your existing home. Be sure to ask your loan officer about our closing costs incentives and our low rate guarantee!
Disclaimer: The information contained in this article has been prepared by an independent third party and is distributed to consumers for educational purposes only. The information is considered reliable but not guaranteed to be accurate. The opinions expressed in this article do not represent the opinions of Skyline Home Loans. Please consult with a licensed loan officer for expert advice regarding financing or refinancing a home.