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re: Why I am glad I had a mortgage broker.
Posted on 6/21/13 at 1:24 pm to nolatiger711
Posted on 6/21/13 at 1:24 pm to nolatiger711
i was a broker for many years i know work for a bank. You had a good broker from what you have posted. But to drop a little knowledge on you..banks have better rates or the same as brokers and do not charge discount point or origination and the lender fees for banks are half of what they are for brokers..also every time UNCLE BEN opens his mouth rates go up!
1
Posted on 6/21/13 at 8:11 pm to hawkeye007
quote:
i was a broker for many years i know work for a bank. You had a good broker from what you have posted. But to drop a little knowledge on you..banks have better rates or the same as brokers and do not charge discount point or origination and the lender fees for banks are half of what they are for brokers..also every time UNCLE BEN opens his mouth rates go up!
Blanket statements like these are always wrong. We have in house mortgage lender and I have great relationship with bank broker, probably 70/30 bank product is better.
To OP,
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