回复:How much can you save by using mortgage brokers?

来源: 2009-08-26 16:49:49 [博客] [旧帖] [给我悄悄话] 本文已被阅读:

This is a too general question. You can save by either brokers or banks.

The main difference between banks and brokers:
1)Brokers have all the rates with all the bank, non-bank lenders they are associated with. Bank can provide the rate with their owner programs.

2)Brokers can get wholesale rate; lenders has rental rates. Not necessary wholesale rate is better than retail.

3)Banks can handle certain scenarios better. Like, stated-income self-employed loans; low down payment loans. They don't have to follow Fannie Mae guideline if they decide to keep your own and your loan is a special case. For brokers, the loan has to be "saleable".

4)I won't see which rate is better. You need to compare.