"sometimes they're juggling multiple files, and yours just gets shuffled down the pile."
Yeah, that's definitely true. But do you think there's also a risk in pushing too hard? I've heard of lenders getting annoyed or defensive if they feel pressured, which might backfire. Maybe it's about finding that sweet spot between advocating for yourself and not stepping on toes... Has anyone experienced negative reactions from lenders when mentioning competing offers? Curious if that's common or just an occasional thing.
I've mentioned competing offers before, and honestly, reactions varied quite a bit. A few lenders seemed to sharpen up and move quicker, but one definitely got a little defensive—like they thought I was bluffing or something. From my experience, the key is being straightforward but casual about it. Just say something like, "Hey, just so you know, we've got another offer in hand, but we'd really prefer to stick with you guys if we can keep things moving." Usually works without ruffling feathers.
"the key is being straightforward but casual about it."
This makes sense... but as a first-timer, I'm always a bit worried about coming off pushy or jeopardizing the relationship with the lender. Did anyone find that mentioning another offer actually slowed things down instead of speeding them up? I haven't tried it yet, but my lender is dragging their feet a bit, and I'm debating if it's worth casually dropping that we have options.
I haven't tried it yet, but my lender is dragging their feet a bit, and I'm debating if it's worth casually dropping that we have options.
I've actually had the opposite happen—mentioning another offer made my lender even more cautious and slowed things down a bit. Maybe instead of dropping hints about other offers, you could just ask directly what's causing the delay?
I've wondered about this too—when I mentioned shopping around, my lender got kinda cagey and started asking a bunch more questions. Maybe they're worried about losing the deal and double-checking everything? Have you asked directly what's holding things up?
