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Updated over 5 years ago,
Online vs local lenders
Hi Everyone,
I'm currently in the process of getting financing for my first property. I'm not really looking for anything out of the ordinary, I've got a 790s credit score and will be able to put 25% down. I've looked at options and reviews on sites like nerdwallet.com which show places like quicken loans and various other online lendersas as highly rated places to get my pre-approval/mortgage.
From those who have done this a time or two, other than if the interest rates vary, does it really matter or is there any advantage with going with a local bank vs an online instituion?