View Full Version : Who to trust? Mortgage broker? or Lender?
So... when looking for a home mortgage, with "recovering credit" in the high 600's... who would you look to in order to get the best deal? I don't know much about the industry, to be honest. I understand the difference between a broker and a mortage company eomployee.
Can anyone hip me to where I can get the best value? Who I can trust? who is more likley to care about my personal intersts (ha!)? Who should I avoid?
Any guidance is much appreciated!
Arty, you're in the bidness, aren't you?
I and my boys always got ours from a mortgage broker, (friend) They can shop around for the best deal vs. a bank that has only their interest in mind.
Chicken Dinner
04-01-2013, 05:32 PM
I've got a good friend in the business whose a real straight shooter. I can't say if he'd be the best deal or not, but email me if you want his contact info.
Buckrub
04-01-2013, 05:56 PM
He wants his contact info.
You want a broker that is also a friend, or a friends friend.
Or you want to deal straight wit the company (read cubical minion) that will hold your mortgage.
JB is right - but brokers have their best interest in mind as well. Unless you know them.
Go with Hank's guy if Hank knows him well.
And definitely drop a name.
Everyone I knew up there that was in the bidness before the big bust is now doing landscaping or working for the gummit
Bottom line.... Broker is a middle man. You're gonna pay a fee to him/her fund the best deal.
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