Michael,Thx so much for you ...

Thu, 09 Jul 2009 19:54:00 GMT

Michael,

Thx so much for you reply and support. I have less than 3 weeks now if it is feasible for me to go with other lenders that my builder may not accept at the end. They have not been very honest, straight forward and cooperative on this. I heard that the builder may purposely make it hard for my outsider lender to do like appriser that causes delay and penalty to me. I just feel helpless and unjust being manipulating by them. I am learning from this and hope others will learn too and do better than I.

You can use any lender that ...

Thu, 09 Jul 2009 18:47:00 GMT

You can use any lender that you choose. And I would certainly hope you would've shopped two or three different lenders to get the best interest rate and fees.

Builders tend to use the same lender(s) because they trust that ones they have worked with in the past will be able to close in a timely fashion. And because the lender gets so much business from the builder sometimes they will offer discounts on fees or interest rates to the buyer.

Builders will also want you to use their preferred title company, but in most states you are free to use your own title company. The builder often receives a discount from the title company for the work that is done for them. They may well offer the same group discount for you too.

Zillow Advice: Buying Process - Builder Manipulating Buying Process

Michael,Thx so much for you ...

You can use any lender that ...