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What's the advantage of using...


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paula0000
PostPosted: Tue Feb 22, 2005 4:04 pm Post subject: What's the advantage of using... Reply with quote

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A...a mortgage broker over just a regular bank/trust company?
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chop456
PostPosted: Fri Feb 25, 2005 1:08 pm Post subject: Reply with quote

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Personally, I feel there is no difference. My vote is for the one who provides me with the best rate.
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JoiseyFamily
PostPosted: Fri Feb 25, 2005 5:37 pm Post subject: Reply with quote

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I agree with chop. There is no difference. Go with the best rate.
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paula0000
PostPosted: Sat Feb 26, 2005 3:05 am Post subject: Reply with quote

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A lot of people say that the mortgage broker can give you a better rate- but I've never seen it yet. I guess it's just another option...if anyone knows anymore, please respond!
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mrsboz
PostPosted: Sat Feb 26, 2005 10:01 am Post subject: Reply with quote

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I would just shop around and get the best rate that you can but also keep in mind that you want someone who you can trust. My brother a few years ago went with a mortgage broker because the rate was better. But, in the long end that was not true they kept puttting off his closing, for no apparent reason and by the time they finally were ready to close they went beyond the date and his rate went up. I would rather pay a little more and go with a reputable company.
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