Find yourself a time machine... just kidding email me and I will put you in touch with the best mortgage borkers in the town, state and country.

Thu Aug 9 2007, 21:00

You can go directly to the bank like Joe mentioned, the price you pay is higher interest rate and fees. The mortgage broker is like going to Sam's Club, you pay the person a fee but they get access to wholesale rates. The downside to the broker is they are unregulated and blamed for a lot of the problems people are having on their mortgages today. Either way will work out for you but you need to understand everything about your many many options. You may think you are choosing the mortgage loan but it is really the loan officer helping you that is setting all the parameters such as discount points, fees, rate, margin (if there is one), pre-payment etc etc. Eduardo made a good point about going to your Accountant to help make sure you can afford it but do not mistake an accountant as an expert on mortgages because they are not. One place that you may want to look into is a site called OfferAngel.com they just released a service that might help you figure out what you are doing. At least it's free and it may be a good place to gain some control with the loan officers you will be up against, best of luck.

Wed Jul 25 2007, 16:50

You can cut out the Mortgage Broker and talk directly with Wells Fargo, Citibank, or Wamu. Me and my friends wonder why we went to middlemen when we ended up getting the best deal from the major players just mentioned. I believe Wamu writes the most mortgages in USA while Wells is 2nd place.

Wed Jul 25 2007, 15:45

Have your local agent refer you to at least three different LOCAL brokers they have used or have been recommended. Choose the best based on what you feel comfortable with, and what your accountant says you can afford.

Mon Apr 23 2007, 15:51

I prefer to stick with local lenders, such as NorthCoast, or national firms like CitiGroup, that have a strong local presence.

Mon Apr 23 2007, 15:51

Again work with a CFP that knows mortgages. My recemendation without knowing anything about your specific situation is a 7, or 10 year fixed mortgage, interest only. the 30 year fixed option is typically not the most affordable or the wisest-- call me to discuss.

Mon Apr 23 2007, 15:51