Who has the best rates?
You can spend an entire week surfing the different lenders online to research who has the best rate and lowest fees for your mortgage. Every lender presents their interest rates and closing costs differently. In fact, many make it very difficult to find their closing costs at all. They want you to complete an application FIRST. How frustrating.
Choice Finance® has tried to make this process easier for you. We are committed to providing the lowest rates and fees, AND availability of most mortgage programs.
ditech does not do FHA financing.
Check out the interest rate chart we now post and update at least once a day. On this spreadsheet we have also provided the links back to the other lenders so you may verify the information we have posted. Please use this blog to post your experiences with these other lenders so we all may benefit.
*ditech
07/07/08– Through the creation of this rate table, I think I found ditech to be the hardest website out of the above lenders to pull a rate quote from. When I went to their Live Chat to ask where to find rates the response was
“rates are based on details from a completed application, I can give you a call to complete one if you like“.
To which I replied “im not ready to complete an application. I have excellent credit, im putting 20% down on a 400000 sales price. id just like to see what your rate is for a no points 30 year fixed rate“.
Ditech responded “0 point loan is at 6.375 today, rate are as low as 5.875% With and APR of 6.23“.
me: “thank you. can you tell me your lender fees on the 0 point loan? is it your $395 flat fee?“.
Ditech: “no 395 only applies to refinance, purchase fees are at 1450“. “we currently don’t have FHA financing“.
This was enough info to see ditech was not the best rate and fees on that day. I find this ironic given ditech’s latest commercials that promote their “transparency” and upfront way of doing things. I also find it interesting that they charge $1450 on a purchase according to the Live Chat person. This is also info I could not find on their site. What you do see throughout their site is a flat fee of $395 promoted.
Try for yourself and go to ditech’s website. Please comment on this blog post if you were able to find their rates and closing costs.
*Lending Tree
Have you ever inquired with them? Get ready for numerous solicitations. If you think you were confused when you researched the different lenders websites, just wait until you have loan officer after loan officer contact you, each with his/her own way of selling their mortgage. The reason is because Lending Tree is not the lender. They are the advertiser who charges actual Lenders/Loan Officers to be part of their “lending network” and receive your mortgage inquiry as a “lead”. A big plus of having the rate spreadsheet we created is to help you put all the info in front of you without salespeople knocking your phone and email doors down.
Choice Finance® loan programs, today’s mortgage options
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