FREE Buyers's Package FREE Sellers Package
Looking For A Bargain Lender?
I want to express my feelings about internet &/or randomly picked lenders and the lousy service they often provide borrowers.
My low opinion of these lenders is based on personal real estate sales experience in dealing with Buyers who use these lenders, instead of Austin lenders referred by people who have had experience with them when purchasing homes in Austin.
I think Buyers are much better off obtaining mortgage loans from lenders who:
1) are established in the community in which the home is located (there is nothing better than face-to-face)
2) have ongoing relationships with local Realtors, Appraisers, Surveyors & Title Companies
3) have in-house (or a good relationship with) underwriting
4) have the experience and “pull” to fix the many problems that always seem to pop up
I have had clients lose thousands of dollars due to these lenders
I have had clients lose their homes due to these lenders
I have had clients with fairly good and very good experiences
Many more BAD experiences than good
I believe it will be a gamble for anyone that chooses to work with one of these lenders
Friends, use a local lender referred by someone you know when
you are buying real estate. Just do it. If you feel you need a
second opinion, get one, but don’t shop the internet for the “best deal” and end up with one of these Internet Bozos who don’t know how to push a loan through, don’t control the underwriting process, don’t know Austin real estate, and often pick their appraiser from a phone book or internet search. It’s too important a transaction to not have the best team players you can find, and your lender is a very, very important member of your team.
BUT……..Its always YOUR choice! That’s the American way! Good Luck!
As a wise consumer once said:
“Of course it's unwise to pay too much, but it's worse to pay too little. When you pay too little, you sometimes lose everything. The common law of business prohibits paying a little and getting a lot. It can't be done.”
