Why use a mortgage broker instead of going direct to a lender?

Posted on May 01

Question: Why use a mortgage broker instead of going direct to a lender?

Answer:
For every benefit of one, there is normally a correlating benefit to the other. Some people like the security of a complete banking relationship, whereas, others would prefer to save an 1/8 discount point that a broker might be able to provide.

You’re never wrong working with an originator that you know you can trust.

One thought on “
Why use a mortgage broker instead of going direct to a lender?
”

Arzu on October 11, 2012 at 7:17 am said:

You could call the company where you have the loan. Ask to speak to a loan officer and ask them what their policy is, if you cannot/do not make the payments. Call any institution and ask if you make a loan and for some reason cannot make the payments what happens? Call an attorney who is experienced in real estate or foreclosures and ask them what steps you should take to have the best outcome for yourself. It is scary but not to do anything may jeopardize your financial future in ways you cannot know now.

Reply ↓

One thought on “Why use a mortgage broker instead of going direct to a lender?”

Leave a Reply to Arzu Cancel reply

One thought on “
Why use a mortgage broker instead of going direct to a lender?
”