Should I use my builder’s preferred lender? Pros and cons

A preferred lender might be best – but not always

   Erik J. Martin The Mortgage Reports Contributor  | Featured Expertise By Jason Gelios-Realtor
   September 15, 2021 - 6 min read

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When you’re buying a newly constructed home or having one built from scratch, you have different financing options.
You can get a mortgage loan from a lender of your choice. Or, you can opt for the builder’s preferred lender if it has in-house financing or partners with a bank.
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You’re never required to use your builder’s preferred lender. And, as always, you should shop around for the lowest interest rate on your home loan so you know you’re getting the best deal.

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