Non bank lender at 80% for rate???
There's a reason the big four dominate the market .... Better the devil you know.
With all my experience, I'd never put my lending with a non bank to save a few points!!
Agree Albanga, however the quoting price for this particular property was way off the mark and I knew this from the beginning. Another agent in the area that I know stated they should be reported as soon as the property was listed for that price