Mortgage Broker or Direct Lender?
Happy New Year, HomeGainers!
One of my resolutions this year is to be more active on the HomeGain Blog. While I love to talk about marketing ideas, my self-appointed “title” here, if you will, is resident mortgage guru. I hope to expand my offering to you with a weekly column, more focused on mortgage financing issues that you, the professional real estate agents, face.
I asked my LinkedIn network if they believed that better loan terms were secured by independent mortgage brokerages or direct lending institutions. Here are some of the answers:
Supporting Direct Lenders:
At one point the brokers had most everything the banks had with very similar rates. Now it seems the brokers have more speciality type products but with higher rates and fees.
My advice to borrowers is to… Continue reading this post
