An Opposing Opinion On Banks And Mortgage Brokers Continued
Don’t let the mortgage alligators bite you.
photo by Kevin Walsh
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You the consumer that has found that blogging can be a consumer protection tool are on the way to better experiences. When it comes to getting a mortgage you have entered one of the easiest arenas there are to have a bad experience.
Blogs can be a big help. My message to you is to stop hunting MLS listings for a year and then pick an agent. Actually my message is to add to that process a serious portion of that research time, researching mortgages. You have this site and many others to help.
I believe you will never really outsmart a tricky treacherous loan officer. Therefore, it is important you give care to whom you trust. I do believe you can become educated to the point you make a good decision in your selection decision.
Two days ago I posted an article by Teresa Boardman, a successful St. Paul real estate agent. The article offered a totally opposite opinion I have about whether you should use a loan officer that works for a bank or should use a mortgage broker. I thought her article was an important viewpoint.
Today Morgan Brown of Blown Mortgage surfaces with his opinions. I don’t think these varied insights will confuse you. In fact I hope for more.
From Morgan: I happen to disagree with Teresa. I believe that mortgage brokers are much better equipped to handle transactions than the actual banks……..
My first disclaimer: the above four points ONLY HOLD TRUE IF YOU ARE WORKING WITH A REPUTABLE BROKER. If you are not, this all goes out the window, an…..
It is an excellent article. Click here
Larry: good call on that article. I just came back from reading it. I agree with Morgan, and you also apparently.
Thanks for the link to a well written site.
Mark