Use a Mortgage Broker

I always get crazy when somebody tells me they just got pre-approved by their bank. While most people have a relationship with their bank, typically they are not receiving the best rate. Mortgage rates shift all the time. This is why it is better to use a mortgage broker to get the best deal. The lender pays the broker his fee so why not try and save some money and get a second opinion. Here are some bites why you should use a mortgage broker:

1. Brokers are paid by lenders, not by you
2. Brokers can be more flexible than banks
3. It never hurts to shop around
4. Brokers can be more personable.
5. A Broker might pay your mortgage penalty to break your mortgage

These are some hefty reasons to use a broker. I suggest you shop around for one that you are most comfortable with

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Ernie Arrizza

Ernie Arrizza

Sales Representative
CENTURY 21 Kelleher Real Estate Inc., Brokerage*
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