Preapprovals and Lender Reviews

[Hariharan Elavarasan]

How does one vet a lender? Ive spoken with two lenders. One was local and one was zillow home loans. Its obvious these guys have some advantage to sell their business. So what is to look out for? I have some thoughts but I’d love to hear more

Local vs Zillow - how important is this? Im also leaving the area in 2 years so would it be better to build a relationship with an on the ground lender, or an online lender that I can utilize for property anywhere?

Enthusiasm - both were pushing that they were creative at finding the best way to play the loan approval game. Zillow guy did have more ideas during the meeting though.

Costs- do lenders tell you up fron their origination fee and points if you ask? Can you just ask what their par rate is?