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>As a buyer I got an excellent rate from their recommended lender No you didn’t, they suckered you on a good rate and screwed you with stealth fees on closing
by newZWhoDis 3y ago
>As a buyer I got an excellent rate from their recommended lender
No you didn’t, they suckered you on a good rate and screwed you with stealth fees on closing costs.
With a few hours of hunting I saved $50k, beating their rate and cash to close. “Preferred lenders” are almost always a scam, but as always DYOR
- ziddoap 3y agoI'm surprised at how confident you are saying that based on a 5 sentence post from someone you don't know anything about.
- phanimahesh 3y agoTrue. They should've added a probably in there. Preferred lenders usually are just as good as any other, or said differently, no better than anyone else except maybe for expedited paperwork. The bit about offering lower rates and sucking up more net in assosciated costs, hidden or plain, is not uncommon though.