6-14-2018. Seattle, $500,000 purchase price. We had a Veteran today take the Vantage for Veterans challenge and compare his VA benefit and rates with VMG today.
A large retail lender targeting VA buyers as a ‘specialist’ (all over the radio and advertisements for Veterans and most have their insurance with the same company) was charging this Veteran over 0.75% higher in RATE than what they have access to with VMG and the power of shopping. If Vantage was to quote the same rate the Veteran was being quoted by this other lender, that would result in a credit to buyer/Veteran of over $9,400! This other large lender was giving them a credit of only $600. In addition to this, the company produced invalid pre-approval letter, mis-quoted property taxes $200 short, and has slow and inexperienced loan officer that put them at risk contractually with inaccurate approval we could over-turn.
This is huge people. Please share with ANY consumer you know the significant need to shop for their new mortgage, especially our Veterans! #Mortgage #VAMortgage #Shop #VantageforVeterans