Conventional Lender - Aurora Financial - Low rates

[Dave Williamson]

Has anyone here worked with Aurora Financial for conventional mortgages? They are a lender out of Virginia who does in-house underwriting, quick closes, free float down, and appears to have quite aggressive interest rates.

I'm considering using them for my next loan in Atlanta, but I would hate to leave the lender I've used for several other loans unless I'm confident in the reliability and reputation of Aurora. Any feedback would be much appreciated.

[Russell Brazil]

Ive not used them, but Ive seen many people drawn into a lender by a low rate because they do not really understand how lending works.  I like to picture a lender as having a dial that they can turn. Turn it to the left and the interest rate goes down while the fees rise. Turn it to the left and the fees go down and the interest rate rises. Almost every lender can do this, but most consumers either go with who advertises the lowest rates, or the lowest fees with little understanding that just about everyone can offer them what the other guy is advertising.