New Home Financing: Should You Use a Builder’s Preferred Lender? | Mortgages and Advice
Key Takeaways Homebuilders may partner with preferred lenders to offer competitive mortgage rates, closing cost credits, sales price reductions or other incentives. A builder’s incentives may be offset by higher fees and interest rates from the preferred lender, which can make the deal less attractive. You’re not required to use your builder’s preferred lender, so