Rick Swartz, a credit analyst with Kern County Credit Consultants in Bakersfield, California Remember, that while we tend to focus on the interest rate when we are shopping for a home loan, there are other costs as well, such as points, loan application fees, and processing fees. Ask the lender what the total cost of the loan will be, and compare it to a similar loan from a lender that doesn’t offer miles. Finally, Swartz says you should look at how much the trip would cost if you bought the tickets yourself. Suggests that you make sure you understand the conditions attached to those miles. Swartz suggests that you look at it two ways. First, how much would it cost to get a similar deal from a lender or real estate agency that doesn’t offer free miles? Can you find a real estate broker who doesn’t offer miles but who is willing to negotiate on the commission Real estate agents like to tell you that the commission is carved in stone.
The Press Democrat-California Mortgage Center
Rick Swartz, a credit analyst with Kern County Credit Consultants in Bakersfield, California, suggests that you make sure you understand the conditions attached to those miles. Swartz suggests that you look at it two ways. First, how much would it cost to get a similar deal from a lender or real estate agency that doesn’t offer free miles? Can you find a real estate broker who doesn’t offer miles but who is willing to negotiate on the commission? Real estate agents like to tell you that the commission is carved in stone. It’s not. Remember, Swartz adds, that while we tend to focus on the interest rate when we are shopping for a home loan, there are other costs as well, such as points, loan application fees, and processing fees. Ask the lender what the total cost of the loan will be, and compare it to a similar loan from a lender that doesn’t offer miles. Finally, Swartz says you should look at how much the trip would cost if you bought the tickets yourself.
The Press Democrat-California Mortgage Center