truth in lending: Can a Builder Tie Incentives to Their Preferred Lender? - FAQ#6 - 06/08/12 08:31 AM
New home builders (large corporations) are in fact, usually a conglomerate of financial products including mortgage and title services, all within the vertical line of the home buying transaction. While that might be smart for the builder, it's not so smart for the buyer.  The big question is, if the builder offers incentives on their homes, are they allowed to require that the buyer uses their lender or is that negotiable?
NO FREE LUNCHES!
At first glance it might look like a great deal to take that $7,000 incentive to buy that home even if the builder requires you to … (35 comments)