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boneprone · 02-26-2003, 09:10 PM

When going in to buy a house what are some advanges and disadvantages going with a Mortage Brroker over a Bank Home Loan??

I know the banks are regualted by the Fed and are more overseen, but can Mortgage Broker really pull that many more strings? I mean with intrest rates as low as they are its really a buyers market out there.

Our broker offering me a pretty kick ass rate with zero down at the moment.

SOmething the bank isnt offering.

But its always concerning when in general these brokers seem like carsalesmen. I mean how many bankers call you up wanting to take you to lunch often. You get 1 or 2 phone calls and thats it from a banker.

02-26-2003, 09:10 PM
boneprone Hall Of Fame Industry Role: Join Date: Jan 2001 Location: Portland Oregon USA Posts: 34,415	Help: Mortgage Brokers VS Banks?? When going in to buy a house what are some advanges and disadvantages going with a Mortage Brroker over a Bank Home Loan?? I know the banks are regualted by the Fed and are more overseen, but can Mortgage Broker really pull that many more strings? I mean with intrest rates as low as they are its really a buyers market out there. Our broker offering me a pretty kick ass rate with zero down at the moment. SOmething the bank isnt offering. But its always concerning when in general these brokers seem like carsalesmen. I mean how many bankers call you up wanting to take you to lunch often. You get 1 or 2 phone calls and thats it from a banker. __________________ Industry Hall Of Fame Legend Mike Jones Bow to the Power - Still BP4L http://gfyawards.com/hall-of-fame Learn about it kids.