Quote:
Originally Posted by KillerK
Broker sounds like a good idea, except where do you go to find one who knows his/her shit, and isn't out to fuck you over to make a few extra grand on your deal?
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All loan officers are going to make their nut. In most cases you see what the broker is making out in the open because he is charging a fee upfront so to speak. Whereas the loan officer at the lender is hiding it on the backend via rate bump. Brokers can do this as well but it is disclosed on the closing docs. Also with a lender they break up the fees so it doesn't appear like they are charging you as much and your broker generally charges his points and thats it.