5 ms·

never buy a mortgage through an app. use a human broker or if you're rich enough, a bank salesman. and for those of you who refuse to talk to people when spend

never buy a mortgage through an app. use a human broker or if you're rich enough, a bank salesman. and for those of you who refuse to talk to people when spending multiple hundreds of thousands or even millions of dollars, well... this is what you get to deal with.

nitwit005 3y ago
The human will type your information into the same system.
- mauvehaus 3y ago
  The human can likely also pick up the phone and talk to another human if the system is spitting back something obviously stupid. You don't need the human for the typical case; you need the human for the atypical case.
  - s1artibartfast 3y ago
    They also usually have a monetary incentive to make the deal work, which you cant get from a app.
- inconceivable 3y ago
  okay, sure and probably half a dozen other systems you don't have access to. this is wholesale debt brokering, it's not available on a public website that you found on google with creative out-of-the-box keywords like "best mortgage rate <zipcode>" the first step to not being a mark is understanding what you don't know, and working with people who do. you may still get marked to a certain degree, but at least you'll end up with a 2.x% interest rate like i did and no messages from the computer saying "you're too poor to buy this product, so run along now little man" when it clearly isn't true.
dghlsakjg 3y ago
Everyone's downvoting, but this is what did it for me. Especially if you have an unusual situation, brokers and personal bankers will know how to handle it. I had 0 credit history in Canada (literally a completely blank printout), but wanted to buy a house now that I'm a PR. A personal banker was able to work with a copy of my US credit report (Canadian banks don't/can't pull this on their own), and proof of assets in the states. The first item on my Canadian credit report was cosigning a mortgage at prime rates.

nitwit005 3y ago

The human will type your information into the same system.

mauvehaus 3y ago
The human can likely also pick up the phone and talk to another human if the system is spitting back something obviously stupid. You don't need the human for the typical case; you need the human for the atypical case.
- s1artibartfast 3y ago
  They also usually have a monetary incentive to make the deal work, which you cant get from a app.
inconceivable 3y ago
okay, sure and probably half a dozen other systems you don't have access to. this is wholesale debt brokering, it's not available on a public website that you found on google with creative out-of-the-box keywords like "best mortgage rate <zipcode>" the first step to not being a mark is understanding what you don't know, and working with people who do. you may still get marked to a certain degree, but at least you'll end up with a 2.x% interest rate like i did and no messages from the computer saying "you're too poor to buy this product, so run along now little man" when it clearly isn't true.

dghlsakjg 3y ago

Everyone's downvoting, but this is what did it for me. Especially if you have an unusual situation, brokers and personal bankers will know how to handle it. I had 0 credit history in Canada (literally a completely blank printout), but wanted to buy a house now that I'm a PR. A personal banker was able to work with a copy of my US credit report (Canadian banks don't/can't pull this on their own), and proof of assets in the states. The first item on my Canadian credit report was cosigning a mortgage at prime rates.