Traditional Lenders | ||
EX. $350K Home Loan | Big Banks Correspondents Credit Unions |
|
Junk Fees | $995+ | $0 |
Origination Fees | 1% | $3500 | $0 |
Total Fees | $4495 | $0 |
Financing Options | Limited | Unlimited |
Interest Rates | High | Low |
Focus | Theirs | Yours |
Accountable To | Shareholders | You |
Customer Experience | Just a number | Personalized |
Processing Time | Very Slow | Fast |
Objective | Quantity | Quality |
Loan Details | Ambiguous | Transparent |
Communication | Seldom | Frequent |
Credentials | Registered Sales Rep | Licensed Professional |
Technology | Dated | State of the Art |
Qualifcations | Strict | Flexible |
Availability | 9-5pm | At Your Convinience |