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Reply to "Mortgage broker vs. Online lender"
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[quote=Anonymous][quote=Anonymous]If you are buying in a hot market and competing against other offers, a preapproval letter from an online lender will definitely get the side-eye from the listing agent and the sellers. Local banks and mortgage brokers who know the local market and have a good reputation for speed, responsiveness and customer service are important in that situation. You can't submit an offer with someone from LendingTree and expect it to be weighed equally to another with a letter from a local actual person.[/quote] Exactly this. [/quote]
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