Ads
related to: rocket mortgagenwecorp.com has been visited by 10K+ users in the past month
1seekout.com has been visited by 100K+ users in the past month
Search results
Results from the WOW.Com Content Network
Rocket Mortgage: An honest review. As a first time home buyer and a first generation home buyer, I was absolutely lost when it came to the purchase of my first home. Like many other clueless individuals, I turned to google to begin my mortgage lender search. Of course, from the first moment I searched the web, rocket mortgage has flooded me ...
Rocket is known for high turnover. They basically get a bunch of bankers and work the hell out of you. I clocked about 3,000 hours a year, or about 60 hours a week.
I thought about using Rocket mortgage but ended up preapproved with Sofi, Local lender and Wells Fargo, ended up going withe Wells fargo as they offered the best deal. We are both GC holders and I had just 20 months of Credit history and therefore the lowest Credit score (715) but the highest income, my spouse had a higher score but they used ...
I am currently under contract with a closing date at the end of October. I have been shopping around for lenders – Rocket, a local mortgage broker guy (call him Dan), and a bank out in Kansas City (NBKC). Rocket gave me the best rates (conventional, 6.75% using a 1pt buydown) and similar closing costs to the other guys.
Refi LO’s at places like Rocket are paid a low base hourly rate plus commission. Their commission is on the loans they originate, at my company it’s a percentage of the loan amount. So if you refinanced with me and your loan was say 100k I would make about 380 bucks in commission off that.
Rocket is a joke. Find a real mortgage broker. You can always do better than quicken/rocket. They have high fees. 2.5% of points means 2.5 points, and 1point equals to 0.25% rate, so the original rate is 2.75+ 0.625=3.375% and it is still a very bad rate now. It also means you pay 2.5% of the loan amount up front, that’s why your cost is high.
Ads
related to: rocket mortgagenwecorp.com has been visited by 10K+ users in the past month
1seekout.com has been visited by 100K+ users in the past month