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Is it risky, or how much risk is there, to using an unrated lender

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September 06 2009 - Aurora
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Answers (2)

An unrated lender is either new or does not participate in Zillow's quoting system where IMHO over 80% of the quotes are ficticious.

Your risk level IMHO would be the same as if they had 5/5 rating. ... Good luck, Rudi
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September 06 2009
It is somewhat risky, but we all were unrated at one time.  If you have two quotes that are close, its obvious to take the one with reviews over one without.  I would probably even pay a little more knowing that I am working with someone that has a track record.

You can also check them out with the BBB to see if they have any complaints.

Look at the top lender board to the right>>>>>>>>

Good luck.
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September 06 2009
 
Related Questions
Is it risky, or how much risk is there, to using an unrated lender
Profile picture for Rudi Hofmann
Latest answer by Rudi Hofmann
September 06 2009 | 2 answers
  • Asked by kentswen1
  • In Lenders
  • September 06 2009
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