Eloan?

Discussion in 'Credit Talk' started by karak, Jul 25, 2002.

  1. karak

    karak Well-Known Member

    Has anyone used Eloan or any other online mortgage broker. I am about to get a home loan and was wondering how they can advertise such low rates without any fees. A local broker I talked too said their fees are hidden somewhere. Anyone have any advise if I should stay away from the online brokers.
    Thanks

    Kara
     
  2. karak

    karak Well-Known Member

    nobody?
     
  3. frencheese

    frencheese Well-Known Member

    um..i tried them once for a car loan..said i was approved..they said as long as i had a letter from my boss stating I used to be part time that my YTD would be fine (i'm a waitress, income is claimed tips)..I provided this and they said okay you're set to go...went to dealership to get a car...then they told me that no that letter isn't enough you're declined..

    if they tell you you're approved i wouldn't necessarily believe them

    briana
     
  4. mindcrime2

    mindcrime2 Well-Known Member


    If you get financing through an outside source, the dealership cannot decline you.
     

Share This Page