Quote:
Originally posted by Cynthetiq
NoSoup,
I had gone thru a broker to get my mortgage. I got a better rate than via going to the bank directly. I paid no points upfront and I paid no fee to the broker, they took a commission from the bank. In fact because I was buying a coop in NYC, it was fortuitous because she helped us secure the best loans because we needed 20% down.
I also got a rebate from the broker because of a deal with my employer which I did not know about before I signed on with her.
The first broker I saw wanted us to fill out the paperwork which we all know is MASSIVE. This one interviewed us over the phone and sent us the finished documentation to sign.
I think that it's at least worth the investigation, especially if you don't have to put out any cash.
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Very True, Cynthetiq - Very occasionally you can and will find deals like this. Very seldom have I seen them, and when I have the mortgage amounts have generally been a rather large amount. As a general rule, People with larger mortgages generally pay less closing fees per thousand than people will smaller needs. As he had mentioned that he had needed only about 30k, I didn't really consider this an option, although I should have at least mentioned it. My apologies, and excellent point
