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Is it a good idea to use the mortgage broker that my real estate agent is recommending?

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maiden
Whoa!

Member since 5/08

1814 total posts

Name:
T

Is it a good idea to use the mortgage broker that my real estate agent is recommending?

I am looking to buy a house and my real estate agent, who is a seller's agent, is recommending a particular mortgage broker. I definitely wouldn't use a lawyer or engineer recommended by the real estate agent because it seems it could be a conflict of interest. But what about a mortgage broker? Could I run into an issue if I use a mortgage broker recommended by the RE agent?

TIA

Posted 9/17/10 7:43 PM
 
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MaMaTeenie
Party of 5

Member since 4/08

6489 total posts

Name:
Mommy

Re: Is it a good idea to use the mortgage broker that my real estate agent is recommending?

Its not a bad thing. They just have a friendship or working relationship so they recommend each other. Probably not much more than that, if you are interested I do mortgages so if you have any questions or would like to chat FM me and I will give you my e-mail address.

Posted 9/18/10 8:25 AM
 

lululu
LIF Adult

Member since 7/05

9511 total posts

Name:

Re: Is it a good idea to use the mortgage broker that my real estate agent is recommending?

We did and it was great. We actually used him to refinance a few years later and I have recommended him to a ton of people.

Posted 9/18/10 10:03 AM
 

JandJ1224

Member since 6/06

5911 total posts

Name:
Jannette

Re: Is it a good idea to use the mortgage broker that my real estate agent is recommending?

I know the person I recommend professionally is the same person I used personally and had a great experience with.
Just shop around and make sure you are getting the best rate and not paying any hidden fees.

Posted 9/18/10 10:36 AM
 

drewsgirl
My loves

Member since 5/05

3221 total posts

Name:
Amanda

Re: Is it a good idea to use the mortgage broker that my real estate agent is recommending?

My real estate agent is one of my best friends mother, so when she recommended someone to us we used her...it was the same person her kids used as well when they bought their houses so i knew i could trust her

Posted 9/18/10 1:35 PM
 

Mrs213
????????

Member since 2/09

18986 total posts

Name:

Re: Is it a good idea to use the mortgage broker that my real estate agent is recommending?

I don't think it's something you need to be concerned about...

Posted 9/18/10 6:20 PM
 

Beth
The Key to your new home....

Member since 2/06

24849 total posts

Name:
Beth

Re: Is it a good idea to use the mortgage broker that my real estate agent is recommending?

I am a realtor- I have a few mortgage bankers I recommend

I don't get anything in return except knowing that my buyers are getting first class service and attention

however - that being said- this is the sellers agent- you do realize that they do not work for you in any way? they have the sellers best interest in mind

Posted 9/18/10 7:36 PM
 
 

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