Don't rush decision to use builder's lender
Financing issues with new homes
By Jack Guttentag, Monday, January 29, 2007.Finding the right home mortgage loan provider is complicated enough, but when you buy a house from a builder who has an in-house lender, the complications multiply. The builder wants you to use his lender, and will offer significant inducements to do so. This puts many buyers in a quandary as they realize that the inducements must be weighed against the likelihood that the builder's lender will overcharge them.
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Copyright 2007 Jack Guttentag
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