Is the LoanDepot a reputable company?

LoanDepot is accredited by the Better Business Bureau with an A+ rating. Based on more than 3,400 customer reviews on Trustpilot, the lender scores a 3.6 out of five stars.

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Besides, does loanDepot charge a fee?

LoanDepot has no application fees or prepayment penalties for any of its loans, but the lender does charge a late fee if a borrower is more than 15 days late on a mortgage payment. You can call the lender to get a full breakdown of the fees you might pay on a refinance or purchase mortgage.

Then, does LoanDepot do 40 year mortgages?

Hereof, does loanDepot do price match?

Often paying points up front can provide a customer with a lower mortgage rate for the entire life of their loan. … With loanDepot’s Lifetime Guarantee, once you fund a loan with us, we’ll waive our lender fees and reimburse your appraisal fee when you refinance your home with us in the future.

Does loanDepot have a float down option?

And to make the deal even sweeter for prospective home buyers, loanDepot is tacking on a float-down option. If rates happen to go down, loanDepot will allow the borrower to take the lower rate 30 days prior to the close of escrow.

How much will my closing costs be?

Many first time buyers underestimate the amount they will need. Generally speaking, you’ll want to budget between 3% and 4% of the purchase price of a resale home to cover closing costs. So, on a home that costs $200,000, your closing costs could run anywhere from $6,000 to $8,000.

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