Mortgage Advisor: Is It Wise to Obtain Your Mortgage from These Non-Traditional Lenders?

Fintech Mortgage Growth: Approximately 7.79% of U.S. mortgages are now originated through fintech platforms, with companies like Better.com providing an alternative to traditional banks and credit unions.

Operational Similarities: Despite their technological approach, fintech lenders operate similarly to traditional banks in processing, underwriting, funding, and selling mortgages.

Consumer Experience: Fintech companies offer a more convenient online experience for homebuyers, allowing them to shop for loans without pressure, but this does not guarantee better rates or customer service compared to traditional banks.

Informed Decision Making: Homebuyers should prioritize understanding their needs and researching options to find the best mortgage rates and terms, rather than simply opting for the most convenient platform.