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Updated over 5 years ago on . Most recent reply

User Stats

2
Posts
1
Votes
Jose Sanchez
  • Cleveland, OH
1
Votes |
2
Posts

Online vs local lenders

Jose Sanchez
  • Cleveland, OH
Posted

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? 

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