Chairman
New member
Hi all,
Need some urgent help. I am being offered a 1500 credit to commit to the pre-approved lender, On-Q Financial. I don't close until early 2014 but it seems like they want to lock me in early.
Does it make sense to agree to use them this early on? Part of me thinks I should not agree to use them as my lender. I should take time to shop around. They are charging about 1208 for lender costs. Escrow, title, and 3rd party costs are around 5238.
What are your thoughts? Do any of you have first hand knowledge of On-Q's history in the business? What is their reputation? They seemed decent to me based on my initial meeting but it could be them trying to sell me. Also, I didn't understand the other credit they were willing to offer. They talked about splitting a % of my loan into 1/3 profit for them and 2/3 credit back to me. Typical credits other buyers were getting were around a total of 4500(this includes the initial 1500).
Please help me decide the best way to proceed. Many thanks.
Need some urgent help. I am being offered a 1500 credit to commit to the pre-approved lender, On-Q Financial. I don't close until early 2014 but it seems like they want to lock me in early.
Does it make sense to agree to use them this early on? Part of me thinks I should not agree to use them as my lender. I should take time to shop around. They are charging about 1208 for lender costs. Escrow, title, and 3rd party costs are around 5238.
What are your thoughts? Do any of you have first hand knowledge of On-Q's history in the business? What is their reputation? They seemed decent to me based on my initial meeting but it could be them trying to sell me. Also, I didn't understand the other credit they were willing to offer. They talked about splitting a % of my loan into 1/3 profit for them and 2/3 credit back to me. Typical credits other buyers were getting were around a total of 4500(this includes the initial 1500).
Please help me decide the best way to proceed. Many thanks.