Today, Clark Sexton with Iron Mortgage join me.
Recently we have had some issues with buyers who thought they were pre-approved for a mortgage, but they were not. We started with the following question for Clark.
Can you please explain the difference between a soft and a hard credit pull?
Follow up question, why would a loan officer do a soft pull?
We also discussed what a buyer should and should NOT do from the time they take application to closing.
Then Clark shared a story about a recent client. She wanted a second opinion; Rocket Mortgage quoted her 6.99% with 2 points. Clark was able to do 6.6% with NO points and NO origination fee.
She saved approximately $5,000 upfront.
Plus, when rates come down, she will be able to take advantage of Iron’s Float-Down program. The program allows our clients to pay a flat fee and lower their interest rate without the headache and expense of re-financing their mortgage.
If you have a client that would like to save money at closing, monthly and when rates come down, please feel free to reach out to Clark anytime.
CLARK SEXTON
734 . 564 . 3530
clark@iron.mortgage
At approximately 37:00 minutes in, I did a quick market report. Specifically, I discussed the difference between the national market and our local market here in Metro Detroit.
If you have any questions or situations you’d like to discuss on a future call, please let me know.
Thanks!
Craig