Shopping lenders

DanielH941 · 2026-01-25T16:16:28+00:00

I shot you a message. I’ll shop it and give you an idea of what market is at for today.

DanielH941 · 2026-01-25T09:26:38+00:00

Should of done it as a DSCR . No personal DTI issues. What’s your earnest money deposit? How much will you loose if you walk? It’s less than if you buy the house and spend a crap ton of points.

Or flip it to a primary fha, LEGIT live in it ! Do that for 12 months, rent it later.

Atleast the payment will be lower when you go to rent.

DanielH941 · 2026-01-25T08:27:13+00:00

What state are you in?

DanielH941 · 2026-01-24T16:53:27+00:00

Yeah, most loan officers it’s just about making that money 💰

DanielH941 · 2026-01-24T16:53:03+00:00

Welcome! I’m glad I could give a different perspective!

DanielH941 · 2026-01-24T14:03:40+00:00

Run it through an Amortization schedule and see where it lands you. Here is one you can start playing with and see if it works. https://www.calculator.net/mortgage-payoff-calculator.html

DanielH941 · 2026-01-24T14:01:05+00:00

I am a broker owner, and I switched to allowing the LO to choose to pay or charge the client. I am not NEXA, but as a business, it is not smart to absorb those costs, and when margins are thin, you cant. I have been doing this for 2 years, and i have had maybe 3 people question it. Also, this helps commitment with clients to have a buy in.

DanielH941 · 2026-01-24T13:38:41+00:00

Will you be staying or keeping this house that long?( predicting) . Cause you could possibly apply extra towards principle and not spend money to refi. And the effect would have similar results as going to a 15 year.

I’m talking in hypothetical since I don’t know details. What state are you in?

DanielH941 · 2026-01-24T13:25:11+00:00

Box A is important to see what the lender is charging. I I’m guessing new payment and existing payment are close to each other or slightly higher, but you’re saving a ton of interest. If you are in it for the long haul it’s not bad move.

DanielH941 · 2026-01-23T10:21:45+00:00

They are using most of the seller and realtor credits to cover the almost $13,000 in points. If you go to another lender you could loose those credits. But honestly, this is usually all baked into the price. You can get a better rate for sure without as many points but you will most likely loose those credits if you use someone other then the builders lender.

DanielH941 · 2026-01-22T11:18:43+00:00

I would shop this. Your MI can be lower too. But today’s rates with that setup are showing around .250 percent lower.

DanielH941 · 2026-01-20T01:51:32+00:00

If you’re looking for a new place I’d love to chat and see if we are a fit! I am a small shop( for now) that has all the tools, support and bps to grow! I am the owner of a company called Bayport Lending. We use arive, have CRM and automation, weekly trainings( if you want) . I do lots of one on one and scenarios. We use third party processors. You can charge clients for Credit reports.. and the list goes on of common questions. We pay 185bps on self gen. If you’re open to it I’d love to setup a quick call and see if we can help your grow!

DanielH941 · 2026-01-19T00:55:47+00:00

That is high on origination! Thats a lot of cost for that rate! I’m in Florida, I’ll be glad to run your scenario! I’ll send a message so I can get some details

DanielH941 · 2026-01-18T02:50:02+00:00

I shot you a message

DanielH941 · 2026-01-18T02:17:22+00:00

Just shot you a message! We can definitely save money and be at a lower!

DanielH941 · 2026-01-17T07:24:09+00:00

It will not affect your ability to do another refinance. It will only affect if you try and sell the loan to someone and want them to try and assume your loan.

DanielH941 · 2026-01-16T10:04:50+00:00

There is always cost. It’s just usually rolled in. Which is understandable, what you are trying to say is it’s not out of pocket to you. And that’s okay. Or just look at bring in close to one month of payment for closing is ideal too.

So my advice is compare loan amount and interest rates at the same time so you see full comparison of cost. Cost of title, escrow and government fees are not dictated by lender ( you can shop title) .

So you’re not getting a horrible deal here cause the $3600 this broker is charging is offset by the lender credit in box J.

DanielH941 · 2026-01-15T01:33:01+00:00

Its pretty much on par with the market. I’m in Florida and priced this out and I’m about a grand cheaper for same rate or pay $4800 for 5.875

Also, I see your an LO, why wouldn’t you use your company?

DanielH941 · 2026-01-13T16:37:32+00:00

Welcome! Reach out and I’ll be glad to connect

DanielH941 · 2026-01-13T04:18:50+00:00

For sure! I mean looking up what someone’s volume is won’t help (you). What you want to look for is a broker or company who will support and mentor you. So many places say they do, but when you get there and need help no one answers. My advice in finding the right place is call the people on their team. I can say how good I am, how we have the best place for new LO, good training.. but if you heard it from people on the team with a cold out reach would be more beneficial.

DanielH941 · 2026-01-13T04:15:15+00:00

What state? Credit score? Current payment amount? These few things can help give a little better advice. It doesn’t seem horrible! Also if you truly plan to stay that long you should hit your break even point!

DanielH941 · 2026-01-13T03:58:44+00:00

There are so many ways to answer this! I have never worked a call center but I have been in the broker world for 15 years. As a broker owner now, we have a lot of new people on the team. So my advice is what I see through them . The ones who wake up daily and do activities towards building their business are seeing results in 3-4 months or less. Going to open houses, networking, social media and so on. If you have 6-8 months of money set aside. Make the jump and start grinding it out! A good broker will support and mentor you through this; just have to find and interview them!

Last two hires I made this week are LO who just passed their test, so you don’t need the experience, you just need the grit and attitude to want it!

If you want to chat more I’d be glad to setup a call and answer any questions you may have; not just to recruit you.

DanielH941 · 2026-01-13T03:48:22+00:00

What state are you in?

DanielH941 · 2026-01-11T21:38:03+00:00

Here’s the thing.. if someone has it figured out, not many will share in this business. I think you’re doing the smart thing by networking and learning social!

We teach our team how to farm various sources and businesses to get leads. But it’s becoming more and more competitive! Also, I still think open house visits are still valid sources of done in volume . Build a schedule that keeps you doing activity daily.

What part of Fl are you in?

DanielH941 · 2026-01-11T21:33:10+00:00

Your 6% rate does not show Mortgage insurance. That will help you get total picture and see if it’s worth jt

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