We were preapproved for a mortgage with an unnamed large online mortgage lender, and found a house we put an offer in on (accepted!!) but the seller/broker wanted a local lender - they felt that closing would take significantly longer with the online lender.
We had already conacted a local lender but were waiting for an update or preapproval from them -- in the meantime, our agent gave us the name of another because time was of the essence.
This morning I heard from both with Good Faith Estimates.
Both monthly PMI are within $25 of each other but one has a cash to closing of 30K and the other only 18K. Already completed Intention to Proceed with 30K closing lender but would be much more comforable bringing less to the closing. I know an Intent to Proceed is not an obligation. Would it be weird to move ahead with both and pay fees for both just in case, or.....?
Advice?
