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Mortgage from an online banker? namely AimLoan
Posted on 1/14/11 at 6:52 pm
Posted on 1/14/11 at 6:52 pm
anyone have any thoughts with this?
seems like their rates are much lower than other lenders.
seems like their rates are much lower than other lenders.
1
Posted on 1/14/11 at 7:45 pm to TortiousTiger
I don't know of any issues with it. They sell the loan just like the majority of brick and mortar banks you might go to. They just don't have the overhead like the traditional lenders, and can offer lower rates and lower fees...or so I would think.
Posted on 1/14/11 at 9:36 pm to Vrai
My question is how do they offer lower rates. Rates sheets come out daily from Fannie, Freddie, BOA, US Bank, Suntrust etc..... I don't know of any companies that get lower rates because they don't have brick and mortar. I am not questioning your response but looking to see if you know something I don't or looking to see how they get those lower rates.
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