All Forum Posts by: Heidi Cardenas
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Post: Would you send one lender’s cost estimates to another lender?
Heidi CardenasPosted
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I’m talking to two different lenders, and one of my lenders asked to see the other lender’s closing cost worksheet/breakdown and loan estimate.
Lender one gave me an interest rate of 3.9% and closing cost estimate of $9,500.
Lender two has an interest rate of 4.3% but closing costs are $7,000.
Lender two wants to earn my business and see what she can do to match lender one. She’s having trouble finding a loan where she could get an interest late as the other one, so she asked me to send lender one’s loan estimate and closing cost breakdown.
Should I send it?