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Updated over 11 years ago,
do you ever pit lenders against each other?
Just curious if anyone has any thoughts on pitting lenders against each other. I have a lender who keeps on asking me to give them the other lender's term sheet so they can "beat it". And I keep on telling him that he should have put his best foot forward in the very beginning.
While, I may be able to save a little bit of money by letting this lender undercut the other lender, it seems like a "jerkmove" and I don't want to extend the loan shopping process any longer.
Anyone have any thoughts?