How is MortgageCS different than other online sites?There’s a big difference. Most mortgage price quote websites are really just marketing tools to generate lots of leads. When you click the “I Agree” button you give up your right to privacy. They sell your contact information to multiple lenders who will email and robocall for months. Yikes!
With MortgageCS you input your loan requirements without unnecessary personal information. You compare your rate quotes, and then you decide which loan officer to contact. Our privacy protection and two-factor authentication provide the highest level of online security. And you choose whether to communicate live with the loan officer or start with an email exchange. You’re always in control as you get the details you need to make your final decision.
Does MortgageCS charge any "upfront fees"?MortgageCS does not charge any kind of fee for the service of matching borrowers with lenders. In addition, no lender will ask you for any upfront fees to “guarantee” or “insure” a loan. Beware if you are asked for a fee or “insurance” before completing an application with a loan officer. No legitimate lender does this.
Where does MortgageCS find lenders with ultra-competitive rates?Qualified lenders are referred to us through our extensive network and are manually verified by our team of professionals to ensure they meet or exceed our lender criteria. Some lenders are lesser known than the big banks, but often times they have business models that allow them to offer even better terms. Feel free to refer your lender if you think he/she is interested in joining the platform and competing for business.
How can I learn more about the lenders?View detailed lender profiles, reviews, ratings, and MortgageCS statistics to find the best lender for your specific situation. Of course, you are welcome to further research via traditional means.
Why does MortgageCS need my credit score?The credit score is needed to help lenders quickly determine if they are able to provide a mortgage for your specific situation. Assuming you provide accurate information, the lenders in our network are able to give ‘real rates’ rather than just providing you lowball ‘bait-n-switch’ rate quotes with no regard to your credit or financial profile.
How do I compare loan offers?Your customized dashboard will compare the interest rate, APR, points, loan amount, loan term and other details of the loan offer. Please use our online calculators to help you make your decision. If you (or your users) have questions or need assistance, you can always contact our Mortgage Concierge at no cost (assuming you have the Concierge package).
How will MortgageCS get competing offers?Remember, you decide what lenders you want to work with. Selected loan officers receive your request and compete for your business. We are here to help facilitate the process with verified lenders and, if needed, answer any questions you might have along the way. Lenders can see other lender offers (but not names), thereby increasing competition and your chances of receiving the best loan terms.
Am I obligated to accept an offer?You are under no obligation to accept a loan offer that is presented to you. At any point, you can close the quote request and move along without any further email & phone harassment from lenders – unlike traditional mortgage comparison websites.
What are your closing costs?MortgageCS does not charge you for using its services. Each lender you are matched with determines their own policy regarding closing costs and these will be provided to you as part of the quote request process.
Do you have lenders who deal with less-than-perfect credit?Yes, of course! We have many lenders who work with borrowers with less-than-perfect credit.
Can you guarantee a specific interest rate?Here’s the good news. We are not a mortgage lender, so we’re not trying to sell you on any one particular loan program. We bring reputable lenders to our platform, so you have easy access to a variety of competing mortgage rate quotes without giving away a lot of personal information. There’s no credit report, no spam, and no annoying sales calls. You choose which lenders you want to contact. You’re in control every step of the way.
Here’s the bad news. We are not a mortgage lender, so we can’t guarantee a particular interest rate.