An Easier Way To Compare Loan Estimates #shorts

Looking for an easy way to compare home loan offers? Here is it!

#shorts

— GET STARTED —

— HELPFUL TOOLS —

LEGAL:
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Kyle Seagraves
NMLS# 1701021
Motto Mortgage Alliance
8900 N. Dixie Dr.
Dayton, OH 45414
Equal Housing Opportunity

[WinTheHouseYouLove]

Did you notice this section on your Loan Estimate?

[marcusm]

None of the lenders I work with have given me this level of detail. Only loan worksheets which are unofficial.

[viclucy-personalfinanceinv]

Great tips! always adding value for us looking to buy our first home :)

[clara]

Submitted docs for a preapproval. Loan officer said it will be approved for 3 months. Now looking at rates

[supaduperforever]

As always good information. Thanks for sharing this!

[pampofski]

What mic do you use for your videos? It sounds great

[sunshineizhere]

If you received a preapproval around Oct. 25 this year, is it too late to shop other lenders?

[Pythonette]

Only one (of the two lenders to which I've narrowed it down) gave me a Closing Costs Summary, and won't generate a Loan Estimate until we proceed with the "official application"--and I'm on the hook for the appraisal. Will your comparison tool help me compare these apples and oranges?

[clara]

What is the difference between prequalification vs preapproval

[mikedemko]

What's the easiest way to see numbers over 10, 15, 30 years? thx.

[TheTwix]

Hey Kyle! Love your channel! It has been so helpful! I'm currently getting pre-approved and my loan officer is asking if I want down payment assistance. I'd get $10, 500 as a second mortgage that would only need to be repaid if I refinance or sell (so inevitably I will need to pay it back). The interest rate is slightly higher than a conventional loan (3.325% vs 2.75%). If I paid for the down payment myself, I'd almost wipe out my savings (still have 1-2 months reserves) but I'd have a more affordable monthly payment. What are your thoughts on a down payment assistance plan like this?

[laurasmith]

So I shopped for two loans and the total interest percentage on one is 47.192 and the other one is 92.425 percent The Higher One the mortgage officer said that it was only during the construction period is that possible if so where would my final numbers be the other loan is for the exact same property.. is it possible on a one-time close to have two different loan estimates needless to say the guy with the higher loan is not getting my business cuz it's not clear

[Em_Dee_Aitch]

Why do we concern ourselves with 5 years?