Shopping 30 Lenders with One Loan Application: Your Ultimate Guide
Are you planning to buy a home or refinance in 2025? Navigating the mortgage market can be overwhelming, especially with so many lenders to choose from. But what if I told you there’s a hack to streamline this process? Through First Meridian Mortgage, you can shop 15 to 30 lenders using just one loan application and one credit pull. Let’s take you behind the curtains and show you how this works.
The Power of Mortgage Brokers
Mortgage brokers like us at First Meridian Mortgage are signed up with numerous lenders. We leverage advanced AI tools and loan sifting software to find the best rates tailored to your financial situation. Let me walk you through an example: Let’s say you want a conventional loan with 20% down, a 780 credit score, and a monthly income of $10,000 in the 22310 zip code. In just seconds, our system can pull quotes from 20 to 30 different lenders.
Understanding Lender Pricing
One of the things we do differently at First Meridian is keeping all lenders priced the same. This means we’re not incentivized to prioritize one lender over another for personal gain. Instead, we focus on finding the best interest rate and terms for you. For instance, some lenders might offer a credit back, while others might charge higher fees for the same deal, leading to substantial differences in cost.
The key takeaway is that not all lenders excel in every product category. That’s where the expertise of a mortgage broker comes in. We understand the nuances of lender offerings, speed, and services, ensuring we match you with the one that best meets your unique needs.
Protecting Your Information
Before you start shopping for a mortgage, there are a few crucial steps to safeguard your personal information. First, ensure you’re on the Do Not Call list and register for the opt-out prescreen with credit bureaus like Equifax, Experian, Inova, and TransUnion. This prevents your data from being sold as a “trigger lead” and bombarded with unsolicited offers after a credit pull.
First Meridian Mortgage Tools
At First Meridian, we’ve made the process even more accessible. Our website offers live rate quotes, appointment scheduling, and the ability to start a loan application at your convenience. You’ll also find our live interest rate quote tool, where you can check rates similar to what we see on our interfacing software, tailored to your information.
We provide a transparent, client-focused approach without pulling your credit until we’ve had an initial conversation. This ensures you remain in control of your data and the decision-making process.
Taking the Next Steps
Whether you’re purchasing or refinancing, the process of finding the right mortgage is simplified at First Meridian Mortgage. Our dedicated team is here to assist you at each step, ensuring you get the best possible deal without the hassle of shopping multiple lenders yourself.
For further information, or to start your home buying journey, feel free to contact me, Kevin Retcher, owner of First Meridian Mortgage. You can reach us via our website’s contact form or directly through our office and my personal line.
Conclusion
Choosing a mortgage doesn’t have to be daunting. With First Meridian Mortgage’s unique approach, you have the power to effectively compare and choose from a wide variety of lenders, all with just a single loan application. Sure to save time and secure the best terms, our services are designed to meet your needs seamlessly. I’m thrilled to guide you through this process, and as always, it’s my pleasure to serve you.
Contact
First Meridian Mortgage
Kevin Retcher
Phone: 703-799-5626 (Office) | 703-201-6138 (Cell)
To all the Marines, Semper Fi, and to everyone embarking on their home buying journey, let’s get started today!