Fannie Mae Housing Survey:
“Home buyers aren’t getting multiple mortgage quotes” … and why you should
The American Bankers Association recently reported on the results from Fannie Mae’s most recent housing survey which showed that one-third of all home buyers only got one mortgage quote.
According to Canton Co-operative VP/Senior Loan Officer Anabela Vargas, “With interest rates going up, home buyers should absolutely get more than one quote on their mortgage. Different lenders make loans in different ways. Some use the LLPA – Loan Level Price Adjustment – which means their rate will be strictly based on a borrower’s credit score.
“At Canton Co-operative, we see borrowers as a whole person and not just their credit score. Not just a number. So it’s likely we can do better on rate than an LLPA lender.
“The culture at Canton Co-operative is all about borrowers having a trusted local lender to talk with and work with. We’re all about helping borrowers consider all of their mortgage options. There are so many questions. So many variables. Getting it right can really make a difference,” Anabela Vargas said.
If you’re thinking of getting a mortgage, come see us or call/email Anabela Vargas at 781-828-8811 x4. If you like, you can apply online 24/7 and we will get back to you. REALTORS® and borrowers rave about Canton Co-operative Bank. There is a reason why.
Canton Co-operative Bank NMLS #721437
Anabela Vargas NMLS #582849 – Falo Português.