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Redhead
You Live, You Learn
Member since 5/05 31871 total posts
Name:
Jennifer
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Interest rate?mortgage shopping
With whom do you think is better to go to?
A broker or a bank?
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Posted 10/11/05 1:23 PM  |
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Prudential Douglas Elliman Real Estate
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Bebalina
<3
Member since 6/05 2922 total posts
Name:
N
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Re: Interest rate?mortgage shopping
we went with a broker
just what worked for us
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| Posted 10/11/05 1:34 PM |
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luvsun27
Check out my cool glasses
Member since 5/05 8135 total posts
Name:
Kim
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Re: Interest rate?mortgage shopping
From my experience....if you go with a bank, you might wind up doing more paperwork yourself....but they are pretty straight forward. With a mortgage broker, they do mostly everything....but all the brokers I've dealt with all seem shady. That's not to say that all brokers are shady....that's just been my experience 
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| Posted 10/11/05 1:34 PM |
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Erica
LIF Adult
Member since 5/05 11767 total posts
Name:
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Re: Interest rate?mortgage shopping
we worked with a great broker for our first house...but for our second, we got a bank loan officer recommendation from our lawyer...we figured to meet with him and make things easier since the lawyer and bank would be connected...it was the best thing we could have done...
it just happened that the bank got us a great rate too (as low as it could have been)
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| Posted 10/11/05 2:09 PM |
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DjPiLL
Member since 5/05 3664 total posts
Name:
Richard
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Re: Interest rate?mortgage shopping
Without a doubt.... BROKER. But you have to go to the right broker... someone that will not jerk you around.
The rate I got which was a major bank was much lower through my broker than the rate advertised on the bank's website.
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| Posted 10/11/05 2:32 PM |
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BrunetteMom
LIF Adult
Member since 8/05 1480 total posts
Name:
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Re: Interest rate?mortgage shopping
I would go with broker. They more or less do everything for you. I've done all my mortgages through brokers only.
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| Posted 10/11/05 3:01 PM |
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skew
LIF Adult
Member since 5/05 6794 total posts
Name:
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Re: Interest rate?mortgage shopping
we used a broker. she was SO patient and explained EVERYTHING. i am surprised to hear the hell some people have gone through w/ all the paperwork, ours was minimal.
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| Posted 10/11/05 7:54 PM |
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Gertyrae
Peace out Homies!
Member since 5/05 20046 total posts
Name:
Gerty ®
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Re: Interest rate?mortgage shopping
We used a Broker/Bank...they financed the mortgage, and then sold it after we closed...but they did all the work and all we had to do was show up for the closing pretty much. And we got a good rate too, 5.75%...
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| Posted 10/11/05 8:57 PM |
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nrthshgrl
It goes fast. Pay attention.
Member since 7/05 57538 total posts
Name:
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Re: Interest rate?mortgage shopping
Broker. We used a bank - and I would definitely not recommend them.
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| Posted 10/12/05 3:35 PM |
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Redhead
You Live, You Learn
Member since 5/05 31871 total posts
Name:
Jennifer
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Re: Interest rate?mortgage shopping
thanks everyone
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| Posted 10/13/05 6:45 AM |
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