Online Lending: Pros and Cons
Online Lending: Pros and Cons
Pros: Online lenders usually offer competitive interest rates and convenience and If your credit profile is good, you can find yourself prequalified for multiple types of mortgages within a short time. You may even get multiple offers from various lenders through mortgage portals like lending tree. Most online companies use traditional approval and funding systems.
Cons: Online lenders face less accountability, may not have earned their reputations and may not even have the legal authority to make loans in your area. Internet suspicion may still be too big a deterrent for you. Local lenders are more accountable, easier to reach once the process has been engage…
In today's competitive market, you need a passionate, local advisor that can help you navigate the home buying and selling process. As a valued client, you'll receive:
• Local market knowledge
• Access to industry-leading real estate tools to determine your homes value or customize your home search
• A proven negotiator who will be with you every step of the way
• A trusted and knowledgeable partner through closing and beyond
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