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juju
Welcome to the World!
Member since 5/05 6747 total posts
Name:
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Home Buying Process
When you were looking to get preapproved and seeking out the rates, How did you go about doing this?
I am confused as to whether or not to use a broker.
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Posted 5/1/08 3:19 PM  |
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qtdimps231
LIF Toddler
Member since 11/07 477 total posts
Name:
Diana
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Re: Home Buying Process
im preapproved, but havent started the actualy mortgage process. but i find going through a mortgage broker is more money. they charge hiden fees. i hear Wells Fargo is good.
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| Posted 5/1/08 3:33 PM |
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CaMacho
Sisters :)
Member since 7/06 15112 total posts
Name:
Jess
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Re: Home Buying Process
We called one mortgage broker and got a preapproval and then a GFE (good faith estimate of closing costs). The mortgage brokers fees on the GFE were ridiculous!
We decided to shop around and go into a bank and got a much better deal (no closing costs, no fees, no PMI, etc).
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| Posted 5/1/08 3:46 PM |
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freckles
Love My Little Man!
Member since 5/07 1825 total posts
Name:
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Re: Home Buying Process
Called each bank ourselves for rates, did not use a broker.
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| Posted 5/1/08 4:10 PM |
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lulugrrl
My 3 Blessings
Member since 3/06 6551 total posts
Name:
L
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Re: Home Buying Process
I used a Broker, just cuz it was easy for us. I have used him 3 times now. WHen I first purchased house #1, refinance and house #2.
I have heard though, you may be better off doing it yourself, it truly just came down to conveinence for us. We wound up with Wells Fargo, you may want to try that on your own first.
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| Posted 5/1/08 4:40 PM |
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juju
Welcome to the World!
Member since 5/05 6747 total posts
Name:
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Re: Home Buying Process
Thanks Everyone!
It seems like everyone I talk to they used Wells Fargo.
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| Posted 5/1/08 6:45 PM |
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bikramaddict
mommy-to-be
Member since 8/06 4376 total posts
Name:
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Re: Home Buying Process
we used a broker. in the end, he messed stuff up and i'd never use him again.
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| Posted 5/1/08 6:52 PM |
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csorisi
My 2 LOVES
Member since 11/05 1984 total posts
Name:
Corinne
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Re: Home Buying Process
We used a broker but I wish we would have went with a bank. I think we could have gotten a better rate. It was someone I know and I although I didn't pay any hidden fees I think the rate he got us was the best rate he could get not necessary the best one out there.
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| Posted 5/1/08 7:21 PM |
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lc214
BLUE times 2!
Member since 11/05 1884 total posts
Name:
Christine
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Re: Home Buying Process
We used a broker and were content that we did. That doesn't mean we didn't do our homework as well though. We found a lower rate online at a different than my broker had found for us. We told the broker we wanted this rate and they negotiated it with the bank they had gotten us the original rate with.
Also, don't avoid using a broker because you think there may be hidden fees. We didn't pay any fees. In fact, because we used a broker recommended by our realtor, we actually saved a lot of money because of bundled services.
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| Posted 5/2/08 2:31 PM |
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