When exploring reactory wiki, it's essential to consider various aspects and implications. Rocket Mortgage: An honest review : r/FirstTimeHomeBuyer - Reddit. As a first time home buyer and a first generation home buyer, I was absolutely lost when it came to the purchase of my first home. Like many other clueless individuals, I turned to google to begin my mortgage lender search.
In this context, of course, from the first moment I searched the web, rocket mortgage has flooded me with targeted ads. Another key aspect involves, so, I caved and went through their pre approval. Warning: Avoid Rocket Mortgage at all costs - Reddit.
Difference between Rocket Mortgage and a good, local mortgage lender is that we’re gonna remind you about those updated docs we need the very last minute and keep you in the fold. Looking for advice – Are Rocket Mortgage really going to bait and .... I am currently under contract with a closing date at the end of October.
I have been shopping around for lenders – Rocket, a local mortgage broker guy (call him Dan), and a bank out in Kansas City (NBKC). Rocket gave me the best rates (conventional, 6.75% using a 1pt buydown) and similar closing costs to the other guys. Rocket Mortgage - Great Experience : r/FirstTimeHomeBuyer - Reddit. Rocket Mortgage is a great lender but they charge really high rates through their direct to consumer channel.
To them, they want to use their brand to increase margins. : r/FirstTimeHomeBuyer - Reddit. Additionally, rocket Mortgage is a reputable online lender, but they may not be the best option for an FHA buyer.
I'd recommend getting pre-approved with a local lender or credit union that specializes in FHA loans. They'll better understand the nuances and can provide guidance tailored to your situation as a first-time buyer. $5k is a good start for closing costs, but make sure you factor in other upfront ...
What mortgage lender would you recommend? In this context, mortgage broker - shops the market for you with different wholesale lenders. Can get you a lower rate with Rocket Mortgage than what you can get working directly with them. Opinions on Rocket Mortgage : r/FirstTimeHomeBuyer - Reddit. I thought about using Rocket mortgage but ended up preapproved with Sofi, Local lender and Wells Fargo, ended up going withe Wells fargo as they offered the best deal.
WARNING- do NOT work with rocket mortgage!!! I backed away from Rocket Mortgage because they don't offer any first-time home buyer assistance or down payment assistance. I decided to go with a local lender and they found me over $15,000 in assistance! 100% look into local lenders instead of internet lenders.
Equally important, rocket Mortgage : r/FirstTimeHomeBuyer - Reddit. FYI Rocket Mortgage has a dedicated relocation team that only deal with people moving using a relocation package from their employer.
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