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Maryland Discuss, I will be moving to Montgomery County Maryland soon. Agents have told me to "only" at States forum; use a local lenders... Does anyone who is knowledgable in the area know if this is true? Why can't I ...

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Old 12-21-2007, 11:11 PM   #1 (permalink)
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I will be moving to Montgomery County Maryland soon. Agents have told me to "only"

use a local lenders... Does anyone who is knowledgable in the area know if this is true? Why can't I use an online lender? Is it true that this area is so "unique" and "desirable" that no one will sell me a house unless I use a local big name lender like BOA, Chase, Countrywide, etc....
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Old 12-21-2007, 11:11 PM   #2 (permalink)
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Realtors make money off their referals to local banks. Some will push it to the point that they ywill only work with you if you use their lender. Beware. See the Money magazine artivel below for more info..
Closing cost scams - Mar. 29, 2006
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