Jeff’s Carlsbad Blog for First Time Home Buyers

Looking for a Mortgage? Be cautious…

Posted in Mortgage info by Jeff Dowler on October 12, 2006

If you are looking into mortgages and are considering working with an e-lender such as Lending Tree or DiTech, I recommend you proceed cautiously and do your due diligence. Here is a link to an article I just found that points out some issues that you can have with an e-lender that can cost you extra money, and fees that are not obvious. The other big problem, in my mind, is that you do not have someone you can talk with directly about your loan. And when there are problems, as there often are, getting things resolved with an Internet lender can be very difficult and put your loan, and transaction, at risk.

If you need suggestions for mortgage brokers to contact, let me know or see the “Finding a Community and a Home” section on my website.


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