I think just about all Realtors if they have been in the business long enough have run in to buyers who insist on using a Lender they have been speaking with for many months that is found through the internet and has assured them they can get financed and to not worry. Well, this can become very frustrating especially when you know very well that it is going to result in them losing the home they are trying to buy and most importantly the earnest money they put out plus inspection costs. I have found the best way to prevent this, is by having sign a letter I write up that states I will not be responsible for there losses as a result of the internet lender they chose to use. The unfortunate part of all of this, is that there are many good lenders who are using the internet as a portal to get new business and because of the ease of someone being able to promote lending products and they have only been in the business for 4 months makes them look bad. As a Realtor when you work with local lenders you typically know how long they have been in business or you can find out very easily. My suggestion to buyers out there is to follow your Realtors lead and check with a few local lenders even your own bank and get qoutes. The interest rates are normally very close anyway and if someone tells you they can do for some crazy rate that is a lot better than everyones else's, then it is probably not true anyway.
Hope this is information you can use.
Jack
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