Category: Preferred Lenders

ARE YOU REALLY GETTING THE BEST RATE AND COST?

Many real estate companies partner with preferred lenders and encourage their agents to provide their clients with the names of these lenders to handle the financing of their purchase. What the buyer does not know is that in some circumstances there is a business agreement between the lender and real estate company creating this preferred status. Status may not have anything to do with the lender’s ability to service the customer and provide the best rate or costs. Be careful if you have been given the name of a preferred lender; the preference may not be based on the performance and...

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