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Should we use a mortgage broker?
Posted on 3/8/13 at 1:34 pm
Posted on 3/8/13 at 1:34 pm
After talking with a builder, he suggested that, as a first time home buyer, we should talk with a mortgage broker. He also recommended one that he deals with on a regular basis.
In all my house research, I never even thought about a mortgage broker. Can yall give me your thoughts on using one, pros/cons, etc. I don't have any knowledge in this area so any and all advice is appreciated.
In all my house research, I never even thought about a mortgage broker. Can yall give me your thoughts on using one, pros/cons, etc. I don't have any knowledge in this area so any and all advice is appreciated.
3
Posted on 3/8/13 at 2:59 pm to GeauxBlonde
hope i can help, to be short, as mtg broker, we shop all the lenders for the best interest rate. the banks dont have that option. on any conventional or govt loan, no fee's from us, no points/origination cost, generally the bank will charge you some form of orignation/points plus their other junk fee's.
shoot me your email and I'd be happy to help you out, I'm here locally in Baton Rouge.
shoot me your email and I'd be happy to help you out, I'm here locally in Baton Rouge.
Posted on 3/8/13 at 5:25 pm to GeauxBlonde
The short answer is yes you should. Also, you should use two and have them compete to get the deal. Don't tell them you are working with someone else until the very end though.
This post was edited on 3/8/13 at 5:27 pm
Posted on 3/11/13 at 12:08 pm to GeauxBlonde
quote:
Should we use a mortgage broker?
I am currently doing a refi and the broker killed Chase and other banks on the rate. This was not the case several years back so definitely shop around. I did find the closing costs to be lower with the broker as well.
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