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re: Why I am glad I had a mortgage broker.

Posted on 6/21/13 at 8:11 pm to
Posted by ItNeverRains
37069
Member since Oct 2007
25628 posts
Posted on 6/21/13 at 8:11 pm to
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,
Posted by GFunk
Denham Springs
Member since Feb 2011
14966 posts
Posted on 6/21/13 at 9:57 pm to
OP: You're seriously buying into an extremely polished sales job. A guy cut his % from 1.5 to 1.425%????


WOWZOMGWHATADEAL!!!!!
Posted by TJG210
New Orleans
Member since Aug 2006
28366 posts
Posted on 6/21/13 at 9:57 pm to
What are 15 and 30yrs looking like right now?
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