Discounts for Military on Mortgages, Really??

There are so many programs out there for our military when it comes to getting mortgages for home purchases.

There are a couple out there that BUG ME in a huge way!

My story: This particular company says they will 'give' the military person a discount if they use XYZ Mortgage and purchase their home through ABC Real Estate Company. Well...well...well....in the end, XYZ Mortgage ends up charging a point or even two. As you notice, I am not naming names in this blog, but I am sure that any agent selling in any military town knows who I am referring to because this is not a new program - it has been out there for a while.....

My advice to ALL MILITARY PERSONNEL: Ask XYZ Mortgage Company for a Good Faith Estimate (GFE), then shop 2 other Mortgage Companies and look at your BOTTOM LINE out of pocket for the purchase of a home. For example have them all quote a VA Loan for a $200K house and look at the bottom line, so you are comparing apples to apples.

Picking a Mortgage Company on the basis of a discount offered? Make sure to get a GFE to conduct a true comparison of Mortgage Company offering to Mortgage Company offering.

Picking a Real Estate Company on the basis of a discount offered by a Mortgage Company??? Not a good idea!

Picking your Real Estate Company and Real Estate Agent based on their experience and professionalism??? ALWAYS a GOOD IDEA!

When moving to a new area, it is important to have a professional, full time Realtor/Broker assist you with the purchase of your new home from offer, negotiation, contract, inspections, repairs....closing.....and to continue to offer service after the sale.....You have found that with Chris Skrip at RE/MAX Sea Island Realty!

Chris Skrip is the Broker, Owner of RE/MAX Sea Island Realty and a former Marine. It would be his pleasure to help military families PCS'ing to purchase their Beaufort SC home.

Semper Fi!

Photo courtesy of Wikipedia.com.