Hey folks, Dan Frio here, your trusted mortgage advisor.
Well, recently I bought a car and I shopped about five or six
different places to find that car.
And even when I signed the dotted line on the final place that gave me, I
thought was the best price on my car.
I still walked out of there and I was like, sheez that's still hurt.
Okay.
So that's just a car.
So if you're looking to buy a house, how much is that gonna really get you?
So here's what I mean, you're probably in this dilemma right now.
You really want to look to buy a property, but you're having dilemma on
where do I get the best mortgage rate.
So I might have a solution for you.
Wonder if I said, there's one way to do this.
And it's simple and easy.
It's one application.
And one credit pull.
So let me explain this how this works.
So what happens with, you know, if you're looking for a mortgage
loan, your lender is gonna do this, you're gonna apply for the loan.
They're gonna take your application.
They're gonna pull your credit.
Within three business days at that point, they have to send you
what's called a Loan Estimate.
Okay. That loan estimate's gonna do this.
It's gonna break down the whole transaction for you as good
as it could be at the start.
Okay.
So what I mean, it's gonna give your name, it's gonna give the
purchase price of the property.
It's gonna give the loan amount.
It's gonna give the interest rate if it's locked or not.
And then it's gonna go through a whole slew of numbers that
basically is gonna get confusing.
But the one piece of the puzzle is we always ask people to do
is look at the lender fees.
What are your lender fees?
Okay.
Wonder if I said there's a way to do this and shop over.
Say a hundred or 120 different lenders with one application,
one credit pull, and that's it.
Okay.
So let me show you the system that we use and why I think we're superior than
a lot of other companies out there.
Because if you call your bank, they have one product to
offer you and one rate sheet.
Okay.
I have over 130 different lenders that we work with.
So let me show you how this works.
So what we do is if you call in, we'd love to hear from you.
We're gonna do this.
I'm gonna open up my calculator or my searching engine, and I'm gonna do.
You applied for a mortgage.
So I know that you're looking to buy a house, you're looking
to buy a $350,000 home.
Your credit score is 718, and you really like to go FHA because
you just might have a higher debt ratio or whatever purposes that is.
But I'm finding that out from the loan estimate that you have the other place
that you already got, maybe pre-approved with, or maybe they even locked you in.
So let's go to how this works.
So I'm gonna plug this data in.
So in this case, it's an FHA loan.
All right, we're gonna go down here.
It's a purchase.
The next thing piece of this equation, it's a $350,000 purchase.
You're going FHA because you only need to put three and a half percent down.
Meaning you're looking to finance and I'm gonna put that down here.
96.5%.
Okay. So I plug that data in.
Then I go up through here and this is gonna be your credit score.
What is your credit score?
Well, in this case, we said it's a 719.
These clients are first-time home buyers.
So I click.
I'm gonna go down through here.
They're buying a single-family home.
Let's just do I know 60623 is Illinois.
So let's do that zip code.
Right.
Then I go through here, nothing really to do there.
So the next thing I'm gonna do is I'm gonna hit scan.
But before I do that, I gotta do something real quick.
I gotta cover this up for proprietary and private reasons.
So, but now I'm gonna hit the scan button and watch what it does.
It's scanning the country, lenders all over the country to figure
out where mortgage rates are.
Okay.
So now it's given me a laundry list.
A laundry list of mortgage lenders out there and what their rate would be
for you specifically in this criteria, 719 credit score, $350,000 purchase
putting three and a half percent down.
So here's where all the rates are.
Okay. So let me explain this to you.
So let's go all the way to the top, cuz that's the lender
that I would place you with.
So this lender rate here is offering a rate of 5%.
Okay.
But if you scroll over here, you're also gonna get a credit back of $790.
So not only is there no lender fees, you're actually going to get
a credit back and that's enough probably to cover your appraisal fee.
Okay.
But that's not it let's go down through here.
And again, same criteria, same client.
If you didn't know any better, let's say you called and just,
let's go to 3, 1-2-3, stop.
Let's say you called this lender right here.
Okay.
Same rate 5%.
But in that case, it would cost you look at this number.
It would cost you.
$8,999 to get that same rate.
Well, you don't really wanna pay any fees and you're talking with that lender.
So they're gonna say, well, our rate is, and here's where their rate comparison is.
If you go down through here, they can't even do this loan without you, paying
them a substantial amount of money.
So down through here.
So if you look at this.
Even at a rate of 6.75, they would be charging you $3,550 compared to
all the way up here at 5%, no lender fees, no broker fees in a $790 credit.
So you wanna make sure that you're getting placed in the right loan.
With the right lender at the lowest rates and the lowest fee
structure in the whole country.
That's what we can do for you.
So my name is Dan Frio.
I'm hopefully your mortgage advisor.
How do you find out more about me and my services?
Just check it out below.
You could email me, you can call us, do anything you want, but if you're
in the process right now, and you have a loan estimate from a lender.
What I'm asking you to do is email that to me.
Okay.
What I'm gonna do is I'm gonna take the criteria.
The only thing that's gonna be missing in the loan estimate you send me is
basically what is your credit score?
Cuz your loan estimate will not have your credit score on there.
So if you email me and I'll put my email description down below.
If you email me your loan estimate and gimme an idea
of what your credit score is.
I can run this in two or three minutes and get right back to you
saying either one or two things.
One, you did fantastic.
Whatever you're getting, God bless you.
I can't beat it.
Or two, what's happening in most cases, I'm going back to the client saying
I'm not only getting you a lower rate.
I'm actually getting you much lower fees.
So it's a win-win for everybody.
So my name is Dan Frio.
I do the mortgage minute every day to make sure you guys are educated and informed
everything real estate, especially when it comes to the financing needs.
So please check out my website and all my information is down below.
God bless guys.
Thanks for watching.
Hope to hear from you soon.
Bye-bye.