Banks That Reject the Most MortgagesPosted by Judy Orr on
When I saw the heading of the article I found online I couldn't wait to click on it. I get so many buyers that have been pre-qualified by their personal bank. A few buyers received a financial benefit from using their banks, like a lower interest rate or closing cost help. But most do not. In fact, many buyers go to one of the big banks because they don't realize there are other financial options.
Even if I give them my list of fantastic mortgage brokers, they've already spoken to someone at the big bank and for some reason feel like they need to continue with that lender. One of my most recent closings was a buyer that regretted making that choice, which happened to be Wells Fargo. With that said, here is a list of the banks that reject the most…
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