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LInMI
LIF Adult
Member since 7/10 1802 total posts
Name:
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Broker Vs. Bank
What's the biggest difference between a mortgage broker and bank?
I always thought a broker had higher interest rates, but it seems they are lower than the big banks (Chase, Wells, etc).
If you recently locked in rates would you mind sharing your rate and who you used?
Thanks so much!!
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Posted 4/30/13 11:12 AM  |
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BabyBoy
is Skylar Elizabeth
Member since 5/05 4189 total posts
Name:
Tom
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Broker Vs. Bank
Just closed Thursday @ 3.25% with Broker, 0 points, no fees. If you would like the info, please let me know
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| Posted 4/30/13 11:30 AM |
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LInMI
LIF Adult
Member since 7/10 1802 total posts
Name:
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Re: Broker Vs. Bank
Posted by BabyBoy
Just closed Thursday @ 3.25% with Broker, 0 points, no fees. If you would like the info, please let me know
Yes, please. Thank you
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| Posted 4/30/13 12:03 PM |
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MrsW326
LIF Adult
Member since 11/10 1132 total posts
Name:
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Re: Broker Vs. Bank
I would like to know this too! Chase pre approved me for 3.5% no points.
Is broker/bank preferred based on your credit score?
How does the broker get paid?
Don't mean to hijack this thread!
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| Posted 4/30/13 12:09 PM |
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BabyBoy
is Skylar Elizabeth
Member since 5/05 4189 total posts
Name:
Tom
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Re: Broker Vs. Bank
Posted by MrsW326
I would like to know this too! Chase pre approved me for 3.5% no points.
Is broker/bank preferred based on your credit score?
How does the broker get paid?
Don't mean to hijack this thread!
Yes, credit always plays a role. I questioned how my broker got paid but he was paid from the bank.
It could change as he has different banks/different rates, etc... sent you an FM.
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| Posted 4/30/13 1:04 PM |
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MrsW326
LIF Adult
Member since 11/10 1132 total posts
Name:
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Re: Broker Vs. Bank
Thanks so much! We have excellent credit so I want to ensure we are receiving the best rate.
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| Posted 4/30/13 1:09 PM |
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