Can Lender Credits Help Lower Your Closing Costs?

Have you seen mortgage lenders on social media advertising something like “Work with me, and I’ll give you $2,500 in lender credits!”? Truth is, a lot of times, there's a catch. NOT ALWAYS. But we want you to know what to look for and what questions to ask to make sure these lender credits aren’t too good to be true, and we’ll fill you in on how Homespire does it differently.
Be sure to subscribe 👆 to our channel and click the notification bell 🔔 so you don't miss out on future mortgage wisdom 🧠🏠
Ready to stop paying you landlord's mortgage and start investing in your own? Our Personal Loan Consultants are available around the clock to answer your questions. Visit www.homespiremortgage.com/loa... to find an LO near you.
FOLLOW US:
→ SUBSCRIBE: / @homespiremortgage
→ WEBSITE: homespiremortgage.com
→ FACEBOOK: / homespiremortgage
→ INSTAGRAM: / homespiremortgage
HomespireGO® lets you apply for a mortgage in as little as 10 minutes from the comfort of your couch, easily upload your documents, and get real-time loan progress updates. It's a mortgage experience you'll love. Download the app for Apple and Android. Visit www.homespiremortgage.com/hom... to learn more.
Homespire Mortgage Corporation. Equal Housing Lender. All Rights Reserved. NMLS IS # 183215. Corporate Office: 9711 Washingtonian Blvd., Suite 500, Gaithersburg, MD 20878. 1-800-531-5395
This is not an offer for a loan or any type of extension. Eligibility for a loan or extension of credit from Homespire Mortgage Corporation is subject to completion of a loan application, credit, income, and employment qualification, and meeting established underwriting criteria. Rates are subject to change without notice based on market conditions. See Loan Consultant for information on program income limits, buyer contribution, area median income, debt requirements, and other application details.
#mortgagebff #knowbeforeyouowe #lendercredits #lendercredit #homebuying #homebuying101 #homebuyer #realestate #loanofficer #mortgage #mortgagelender

[@donaldclifford5763]

I'm preapproved for a VA home loan of 80k. Their good faith estimate for closing costs is approx 8k, about 10%. Is there a way to fanangle the interest rate to waive some lender fees here? My state is New York.

[@HomespireMortgage]

Hi Donald, thank you so much for reaching out! We're currently not doing business in New York, but we're looking forward to doing so in the future!

[@DJuanLove]

I have a lender willing to give me 8K in lender credits without increasing my interest rate. Sounds too good to be true. Is it?

[@HomespireMortgage]

Hi D'Juan, we're happy to give you a second opinion! Find a lender near you (www.homespiremortgage.com/loan-officer-search/) or reach out to us directly, and we'll connect you with an excellent one nearby www.homespiremortgage.com/contact/