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Agents, brokers & lenders

How many lender quotes should I get before choosing?

The short answer

Three to five, from different lender types — a bank or credit union, a mortgage broker, and a non-bank lender — requested the same day for the same rate-lock period so the Loan Estimates compare honestly. Then take the best written offer to your preferred lender and ask them to beat it. That negotiation works more often than most borrowers believe.

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