I don't know about you, but when I go out to a restaurant and want to order a steak, I would like to know the prices.

Often times, you will spot a good deal if the "rib eye" is priced less than say, the New York or Filet.
Not only that, prices are good to know if you can get that $28 steak in one restaurant, and the exact same steak might cost only $21 right across the street. (Service and ambience are the same).

Knowing the price is just smart shopping.

I think shopping for a mortgage is very much the same. Did you know that each interest rate has a price? That is true. Did you also know that not all mortgage brokers or lenders show you that price?
Once you know that each rate has a price, you should ask yourself: "Why isn't my loan officer showing it to me?" Is there something to hide?

To keep this simple - my advice to you is simply to ask your loan officer what the price is. An answer might be something like 99.75, or 100.00, or 100.50, or 101.00.

Without getting into too much detail in this blog - just know that the higher the number (over 100.00) means there is a "rebate" from the lender. That means that money can go to you.

If your loan officer is unable to offer that to you - you may wish to work with a mortgage banker who operates that way.

If you have any questions about this - you are welcome to call me so I may explain further.

Rick Pelleriti
California Upfront Mortgage Planner
530-205-9145
rpelleriti@ascenthomeloans.com
#238450