Cons of using an online lender when buying your next home.
Getting help can be hard as you often don’t get an assigned to a loan originator, but rather several that all sit in a call center.
Here are a couple of Cons when using an online lender:
*Rates aren’t guaranteed at your initial inquiry.
*Closings costs are often misquoted as they are not local and may not be familiar with the State related fees; such as, property taxes etc.
*Not being able to get answers to your questions over the weekend when you are about to place an offer.
*Lack of resource with more complex scenarios as you may dealing with someone with limited experience in the industry.
The pros of using an online lender such as excellent rates, fast turn times and easier less paperwork process are now things we as Brokers can offer.
To learn more, call me. 713-387-9521