My fiance and I just bought our first home. We decided to go with an out-of-state lender thinking we’d get the best rates and lower closing costs that way… but boy were we wrong!
We were referred to this mortgage company and told that they “specialized in working with young couples to make it easier,” but their process turned out to be nothing of the sort!
After the long and drawn out experience of working with an out-of-state lender, we both realized that we would have been MUCH better off working with our Credit Union or even a local bank. Over the last five months we had to make numerous phone calls to check in to see where our loan was in the process. The lender contacted our employers multiple times to verify our employment, and they always seemed to give us the run around when we asked any questions.
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