Is it good to work with a mortgage broker?
Working with a mortgage broker can save you time and fees. Cons to consider include that a broker's interests may not be aligned with your own, you may not get the best deal, and they may not guarantee estimates. Take the time to contact lenders directly to find out first hand what mortgages may be available to you.
Is it better to deal with a mortgage broker or bank?
A mortgage broker can offer a wider array of options and streamline the mortgage process, but working directly with a bank gives you more control and costs less. Whether it's better to work with a mortgage broker or get a home loan directly from a bank depends on your financial situation and your preferences.
Is it better to use a local mortgage broker?
With a local mortgage broker, you're able to have face-to-face interaction. They're able to meet with you one-on-one to discuss goals and address challenges. These in-person meetings can increase your comfort level on the sensitive subject of mortgage payments and finances.
Can a mortgage broker steal your money?
Fraud for profit: This type of fraud is typically committed by industry insiders, including bank officers, appraisers, mortgage bankers and more. These insiders use their industry knowledge to facilitate fraud by misusing the mortgage lending process to steal cash and equity from lenders or homeowners.