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06.11.20, 12:02 PM General Topics
5 replies
First time homebuyer here. Can someone explain what a mortgage broker does? Also - if you had a friend who did this would you use them or is it a bad idea? Thank you. [ Reply | Watch | Flag ]
General Topics 06.11.20, 12:02 PM Flag
 

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They shop and secure mortgage rates [ Reply | More
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General Topics 06.11.20, 12:08 PM Flag
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Right. But can’t you do this on your own? Or is it too much? [ Reply | More
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General Topics 06.11.20, 12:16 PM Flag
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Before you start looking at homes you will want a pre-qualification letter from the broker. This tells the seller that you can afford the home. [ Reply | More
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General Topics 06.11.20, 12:54 PM Flag
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You don't have to use a broker, you could go directly to a bank. [ Reply | More
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General Topics 06.11.20, 12:57 PM Flag
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A good one will seer you to the best product, and a bad one will steer you to his company's. You can easily shop for a mortgage yourself the same way you would shop for a car. [ Reply | More
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General Topics 06.11.20, 12:16 PM Flag
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