Nothing peaked our interest more than this piece on choosing
a lender. We didn't write it, but we could have. If your real
estate agent suggests that you use an in-house lender, should you
automatically assume that the lender is looking out for your best
interest. First know that there is no obligation to use them. What
is the reason for having an in-house lender? Several. The first is
an MSA (mutual service agreement) that some real estate offices and lenders
share. There are incentives paid to the real estate company for every
loan transaction they fund together. This often results in higher costs
to the consumer. The money paid to the real estate company has to come
from somewhere.
This does not mean, however, that the in-house lender is
automatically disqualified as your best option. Just know that you do
have other options. Check online reviews. Ask friends and relatives
that recently purchased. Ask them how their experience was and if they
could get a recommendation. For the whole article, CLICK
HERE.
The Easterbrook Team
"We Make the Loan Process Easy!"
916.850.6050
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