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    jackie0000's Avatar
    jackie0000 Posts: 14, Reputation: 1
    New Member
     
    #1

    Mar 7, 2008, 06:21 PM
    Mortgage broker vs. Mortgage Lender
    What are the pro's and con's of using either a mortgage broker or going directly to the mortgage lender?
    amricca's Avatar
    amricca Posts: 851, Reputation: 92
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    #2

    Apr 15, 2008, 10:00 AM
    A mortgage broker will shop different lenders to get you the best rate.
    LisaB4657's Avatar
    LisaB4657 Posts: 3,662, Reputation: 534
    Expert
     
    #3

    Apr 15, 2008, 11:06 AM
    A mortgage broker can offer various programs from different lenders. If you have "difficult" credit this may be the best way to go.

    Mortgage bankers act as lenders themselves. They don't have as many programs to offer but they may have slightly better rates and they almost always have lower fees. If your credit is good then you may be better off with a mortgage banker.
    sumberpucung26's Avatar
    sumberpucung26 Posts: 1, Reputation: 1
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    #4

    Jan 21, 2010, 05:21 AM
    Quote Originally Posted by ;
    A mortgage broker will shop different lenders to get you the best rate.
    When a mortgage broker gets the desired load, you still have to pay for his fee. If you go directly to mortgage lender, you can negotiate for better deal sometimes without paying for a fee (rumah murah).

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