There are many, but the most common are that they do not provide documentation that is requested by me in a timely manner and not obtaining a preapproval before they begin their home purchase. Actually, lenders do have the same interest rates. The difference is the fees that they charge to obtain these rates. The rates and fees change on a daily basis. It is in your best interest to make an appointment to discuss the various loan options available to you as I have hundreds of different programs available to you.
Closing costs vary upon interest rate and type of loan.
We will review these numbers in detail when we meet during the prepurchase consultation. It is important to determine your short and long term financial goals before deciding on closing costs, type of loan and interest rate. We can obtain a Preapproval within 24 hours of receiving your loan application. To obtain final approval, it will depend upon inspection dates and appraisal timing. It is my benchmark to obtain this in 10 days.