Compared 3 lenders and the local credit union won by a mile

After getting preapproved by two big online lenders and a local credit union here in Columbus, I almost went with the first one that gave me a rate. But the credit union came back with 0.4% lower and no origination fee. The online folks kept asking for more paperwork after I thought I was done. The credit union had everything locked in 2 days. Has anyone else found that smaller lenders are easier to deal with when the closing date gets close?

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1 Comment

the_kelly15d agoMost Upvoted

Oh man, totally. My buddy Mike went through the same thing last year. He was all set with one of those big name lenders and then boom, the week before closing they hit him with a random extra fee out of nowhere. His local bank had him done way faster and for less money. Bigger ain't always better, that's for sure.