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bank or broker??????

laborday06 Posted:

bank or broker??????

Just wondering if it is better to go to a bank or to go to a mortgage broker?

Does it make a difference who you should go to if you are buying the house to fix it up and sell it or just to buy and own for a while ?

We are thinking about buying something fixing it up and then using the money made to actually afford a house in the area we want on LI.

Any suggestions or opinions?
Blu-ize Posted:

Re: bank or broker??????

Banker..

LuvMyMichael Posted:

Re: bank or broker??????

BANK

myasmom Posted:

Re: bank or broker??????

if you are not putting 20% down I'd go with a broker. We got better rates with our guy than Chase or HSBC. Plus no PMI.

Mandy77 Posted:

Re: bank or broker??????

If you know someone that used a trustworthy broker, you may be better off with them. They will be able to put you with a bank that best suits your needs.

DON'T go with a broker that you have never heard of or that no one knows...many do charge some extra fees.

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