If you are shopping for a house or comparing mortgage rates in California, then there is a good chance you have seen the term “upfront lender” pop up. So, you are probably wondering what exactly an upfront lender is, and why they are so recommended. After all, choosing a lender is a huge decision so it is important to have all the facts so you can make an educated decision.
Dealing with an Upfront Lender has its Perks
Traditional lenders pay their agents a bonus or commission to bump the rates, so you are never going to get the lowest home loan rates in California because someone needs to profit at your expense. When you deal with an upfront lender, such as us here at Better Choice Loans, you get the lowest rate and closing cost guarantee because we are not permitted to bump the rate.
To be labeled as an upfront lender, we have to be transparent. Not to mention, you will be treated with the highest level of courtesy and respect throughout the buying process.