Pricing + Services
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How is LOANFINDER compensated?
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WE TAKE PRIDE IN OUR EXCELLENT PRICING
Market conditions, credit score, type and term of loan and equity position determine your loan pricing. Many times you will hear advertisements for a borrower with lots of equity and an excellent credit score with a 15 year term. Let’s discuss your personal scenario so we can quote you on your situation.
Over 90% of the time we are compensated by the lenders we work with rather than you the borrower. On occasion, for a non- qualified, commercial or private loan, our fee is paid by the borrower. Sometimes this is required by the lender or that is your preference. On that rare instance, you are made aware up-front with our fee in writing. As stated, usually our fee is paid 100% by only the lender.
If you are applying for a typical qualified residential loan, you will be sent a Loan Estimate with all the important details about your home loan. We will make sure that the terms of your new loan are fully explained. Any important changes will be put in writing so there are no surprises at the final loan signing. We are here for you every step of the way.