500 less if you are to get your mortgage through their wholesale channel as opposed to retail. Sometimes the difference in interest rate between working with the same lender is. Most lenders have both a wholesale channel and a retail channel, so it’s really important to not only compare options directly with the lender but to compare interest rates with the same lender but through their wholesale channel. SELFi is a marketplace with over 30 lenders that compete for your business with actual wholesale interest rates, in real-time. Retail interest rates are higher interest rates offered directly to the consumer. Wholesale interest rates are much lower interest rates offered to 3rd party originators like SELFi. Mortgage lenders offer two sets of interest rates, wholesale and retail. The more knowledgeable a customer is about mortgage rates, the more likely SELFi will earn his or her business. So we are in the education business just as much as the mortgage business.Īnd here is one of the aspects of mortgages that so few consumers know about: wholesale interest rates. I always tell people, the biggest competition for SELFi is consumer misunderstanding.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |