- Credit Card
- Real Estate
First Time Home Buyer/Shopper
Spent about 30 minutes on the phone with Quicken Loans (Rocket Mortgage). I provided all of the expected information when running a credit check and painting a financial picture.
After the person over the phone let me know that I was preapproved for the loan amount requested, I asked what the interest rates were on the loan. They said that I would have to first lock in on a home before those details would be provided.
Is this accurate? How can I compare loan rates between competitors if I have to first go so far as to lock in on a home?