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Question about home loans

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Posts: 5

cd329

Hall of Fame

Joined: Mar, 2004

Posts: 23832

Posted: Sep. 26, 2007 - 2:29 AM ET #1

is it better to go to a mortage broker to get a loan or just go a bank yourself? Thinking about buying a new home and dont know if i should go to a broker who probably has access to more loans or just go to the bank

thanks for any help

cd329

Hall of Fame

Joined: Mar, 2004

Posts: 23832

Posted: Sep. 26, 2007 - 2:41 AM ET #2

almost forgot any good places to get a good rate on a loan?

MRSARATOGA

All-Star

Joined: Mar, 2004

Posts: 14413

Posted: Sep. 27, 2007 - 12:28 AM ET #3

Mortgage Broker is better because they have access to diiferent lenders. A bank will possibly require more down payment and the rate may not be as good. Go to bankrate.com to check out the best deals.

cd329

Hall of Fame

Joined: Mar, 2004

Posts: 23832

Posted: Sep. 27, 2007 - 3:15 PM ET #4

Mrsaratoga, thanks for the info. appreciate it.

wizdumb2003

Banned

Joined: Jul, 2003

Posts: 25136

Posted: Sep. 27, 2007 - 10:55 PM ET #5

bankrate.com is my opening site every morning

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Question about home loans

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