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Mortgage Broker and Bank Loans

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Arissa444
Lovin my Little guy :)

Member since 5/06

2280 total posts

Name:
Marissa

Mortgage Broker and Bank Loans

So, this whole house buying thing gets quite confusing some times....LOL....Is it necessary to get a loan through the mortgage broker or can you just get one from the bank? What is the purpose of having a mortgage broker? Thanks so much for your help...any advice is appreciated Chat Icon Chat Icon Chat Icon Chat Icon

Posted 3/24/09 7:44 PM
 
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jteach
2 and through

Member since 9/07

3939 total posts

Name:
Jess

Re: Mortgage Broker and Bank Loans

A broker shops around and finds you the best loan plus they help you through the entire process.

My dh is a broker, fm if u want more info

Posted 3/24/09 7:53 PM
 

nov04libride
big brother <3

Member since 5/05

14672 total posts

Name:
Me

Re: Mortgage Broker and Bank Loans

A broker shops around, but we found the best rate on our own through TFCU, and no broker could match it without buying points. He claimed he could speed up the process, or flip banks at the last minute if one was lower than the other. They cannot deal with the credit unions I believe.

Posted 3/24/09 7:55 PM
 
 

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Mortgage: bank or broker? MrsS2005 9/26/08 1 Home
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FHA loans - what bank/broker did you go through? waiting4ablessing 1/1/09 6 Home
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