Posted on: 08th Apr, 2009 10:03 am
Hi,
Please any one will guide me about Mortgage broker Advantages.
Please Post me Reply Faster.
Thanks.
Please any one will guide me about Mortgage broker Advantages.
Please Post me Reply Faster.
Thanks.
Hi gunzijjistaff,
Do you mean to say you want to know the advantages of availing the service of a mortgage broker? Well, there are certain advantages. First of all, it saves a lot of your valuable time and energy. You do not have to approach the lenders individually. The brokers have a wide network of lenders and they can do that for you. In most cases, the lenders are paid by the lender. Thus, you are not required to pay them. As the brokers are well-aware of the various loan programs, rates and terms, they can help you choose a program that suits you the best.
Do you mean to say you want to know the advantages of availing the service of a mortgage broker? Well, there are certain advantages. First of all, it saves a lot of your valuable time and energy. You do not have to approach the lenders individually. The brokers have a wide network of lenders and they can do that for you. In most cases, the lenders are paid by the lender. Thus, you are not required to pay them. As the brokers are well-aware of the various loan programs, rates and terms, they can help you choose a program that suits you the best.
jenkin...you said "in most cases, brokers are paid by the lender. thus, you are not required to pay them."
do you really think that a borrower is not paying for the services of the broker? check a hud-1 and you'll notice that broker's fees are on the borrower's side of the equation.
i have no issues with brokers - we compete fairly. ultimately, a borrower needs to have confidence in the individual who is providing the service. if that's a broker or a lender, either one can work.
do you really think that a borrower is not paying for the services of the broker? check a hud-1 and you'll notice that broker's fees are on the borrower's side of the equation.
i have no issues with brokers - we compete fairly. ultimately, a borrower needs to have confidence in the individual who is providing the service. if that's a broker or a lender, either one can work.
