Why should I use a Mortgage Broker?

Why should I use a Mortgage Broker?

Yeserday I had a buyer ask me why he should use a Mortgage Broker instead of going directly to the lender.

mortgage brokerI can honestly say I didn't have a good reason to give him.  The only time my clients have used a Mortgage Broker is if they had credit issues.

Now I've had several clients compare Mortgage Brokers to Direct Lenders and it seems when the buyer doesn't have credit issues the Direct Lender always came out on top.

I'm not sure if this is due to who they were comparing or if Direct Lenders will always come out on top for buyer's with money to put down, perfect credit and a great debt to income ratio.

So why should a buyer use a Mortgage Broker?

 

About the Author:
Michelle Gibson is a full-time Realtor with the Hansen Real Estate Group Inc. She has been specializing in residential real estate throughout Palm Beach County Florida since 2001. Specific areas of expertise include; Wellington, Lake Worth, Royal Palm Beach, West Palm Beach, Boynton Beach, Loxahatchee, Greenacres, Lake Clarke Shores, Palm Beach Gardens, Jupiter, Delray Beach and Jupiter.
 
Whether you're looking to buy, sell or rent Michelle will be able to walk you through your entire real estate transaction from start to finish.
 
Connect with Michelle:

Comment balloon 10 commentsMichelle Gibson • August 23 2010 04:19PM
Why should I use a Mortgage Broker?
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Why should I use a Mortgage Broker? Yeserday I had a buyer ask me why he should use a Mortgage Broker instead of going directly to the lender. I can honestly say I didn't have a good reason to give him. The only time my clients have used a… more