Do Mortgage Brokers Get you a better deal
Assuming you are not a neophyte, this is not your first home and know the difference between interest only, no doc, no income and jumbo fixed rate and variable apr
Is it worth going through a mortgage broker or should I just look on the internet and in my local paper and call around?
Someone I know is a mortgage broker, while I would be happy to give him business, its not mandatory (he is my childs tutor's DH). I have very specific needs with the type of loan and may need a bridge loan and other complicated stuff (which I quite comfortable structuring on my own). I would hate to approach him and then find out his rates are not the most competitive. Last time I bought, in 94, I found the best rates on my own through a bank that was trying to get into the area. A mortgage broker someone recommended then was not as competitive
What about eloan and lending tree, how are they and does one of their quotes result in your credit report being accessed