We are buying a home and don’t know who to get a mortgage with. On one hand, the local lender is offering a “competitive” rate. On the other hand, Sage/Rocket Mortgage offer a way more competitive rate. Our closing date is 10/22. It seems like Sage/Rocket Mortgage is a way better deal, but…I have read the stories about deals not closing with Rocket Mortgage…What should we do? Would it make sense to get the Local Lender and then refinance into Rocket Mortgage (aren’t refinance rates cheaper anyways, and I won’t have to pay lenders fees with the Local Lender anyways)?
588K purchase price
Condo in Chicago (small 3 unit building)
2.375% interest rate
2.339% points on the loan itself, so about $11,003
2.875% interest rates
waiving all broker fees and appraisal