April 10th, 2023 6:47 PM by Sam Kader
Monitoring for mortgage rate movement can be quite a chore even for professionals. Rate shopping must be done the same day in order to compare apples-to-apples. Even then, there can still be significant changes and discrepancies for the following reasons:
Rate shopping must be done in the same day with the same loan program for similar loan scenario across the board with all lenders. Rate quotes would be inaccurate if it's missing any of the above mentioned elements. It's like you are comparing apples and oranges now.
These are variables that you must provide equally to all lenders:
Some lenders will issue your Pre-Approval letter at this point. However, at Pacific Coast Financial LLC, - we will request for further documentation to firm-up your rate-quote and to obtain Automatic Underwriting Approval (AUS) system before we issue our Pre-Approval Letter. We will also recommend that you started our secure online loan application here.