Using An In House Lender in Honolulu?
May 13th, 2008 categories: Reasons To Sell
Many local Honolulu real estate firms have their own “in house” lender, also known as an “affiliated” lender. When a buyer is making an offer through a firm that has one of these captive lenders there should be written disclosure of the relationship between the real estate company and lender. I have always been uncomfortable with “in house” lenders because of the less than arms length relationship between the two. I have never been able to clearly articulate my concern, but this past Saturday I came across a blog that has done a great job shedding light on the subject.
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“What do you think happens in the Toyota dealership when you are ushered over to the finance department and walk out with a Toyota Motor Credit loan or lease?”
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Read the entire post by clicking here.
