When Direct Lender vs Mortgage Broker Makes Sense?
Which choice makes the most sense totally relies on the personal situations and the objectives and how much work you want to put in yourself. If you can do research and find a direct deal yourself, go for it. Some banks have direct deals that would not available with the assistance of mortgage broker. However, time is a luxury, not each one as. If you need someone to take care of the home buying requirements while you can concentrate on other priorities, a popular mortgage broker might be your best choice. A mortgage broker with access to the different lenders might also be a good choice for those who do not fit into the typical borrower profile. These include non-W 2 borrowers, selfemployed people, or those with less than stellar credit. You should firstly pursue them to see if you can usage your relationship as leverage to get a discount if you have a current lender.
Final Points About Direct Lender VS Mortgage Broker: In conclusion, it does not matter whether you are choosing anyone from a direct lender vs. a mortgage broker. It remains most important for you to do research completely. Before choosing both of them, you should know the differences between direct lenders and
mortgage brokers so that you can choose anyone out of them. You can know these differences from the above points. As per our perception, you can choose Real Estate Diary has more experience in the mortgage industry. Hence, choosing Real Estate Diary experts will be beneficial for you for a long time. Useful links Direct lender vs mortgage broker Real Estate Diary