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Updated about 3 years ago,
Would you send one lender’s cost estimates to another lender?
I’m talking to two different lenders, and one of my lenders asked to see the other lender’s closing cost worksheet/breakdown and loan estimate.
Lender one gave me an interest rate of 3.9% and closing cost estimate of $9,500.
Lender two has an interest rate of 4.3% but closing costs are $7,000.
Lender two wants to earn my business and see what she can do to match lender one. She’s having trouble finding a loan where she could get an interest late as the other one, so she asked me to send lender one’s loan estimate and closing cost breakdown.
Should I send it?