This can be very illusive. The concept of banks competing for your business sounds appealing. Know the following:
- Companies advertising this collect personal information such as online applications and sell them as leads to brokers, bankers, correspondents and wholesalers.
- These organizations are expecting you to know which deal is best. They are not going to choose for you. They don't govern the companies.
- Your information may go to several companies, you will not know which companies purchased your info or how many have it.
- You risk being inundated with phone calls for months, whether you have done a transaction or not.
- We will not sell your personal information.
- We locate the best products and rates available for your needs.
- We offer full service and expertise.
- We contact the lending instituions, make certain they are compliant, and keep them honest so that you don't have to.
|