Financing in Birmingham>Question Details

Frankie, Renter in Birmingham, AL

Which way would be best when getting a loan for a house.Avoiding excess fees.Obtaining a loan through a mortgage company or vs a bank.

Asked by Frankie, Birmingham, AL Sun Sep 25, 2011

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Both Banks and brokers can structure a mortgage loan with little or no fees. The days of excess fees are gone (luckily) due to government intervention.

Wells Fargo can structure a custom loan to meet your needs. 858-805-5347 for details
0 votes Thank Flag Link Sun Jun 22, 2014
There really should be no difference in closing costs for a mortgage broker, mortgage banker or a depository bank. Ask for a GFE from the mortgage officer, then you can shop it.
0 votes Thank Flag Link Sun Sep 25, 2011
The amount of closing costs between a banjk or mortgage company can be very similar. You can ask for a quote from both to make sure. You want to look at points, application points, processing fees, etc. A mortgage company can be as good as a bank and even have more mortgage options.

http://www.trulia.com/blog/scott_godzyk/2008/08/so_you_want_…

Please see my blog for more tips on getting a mortgage
Web Reference: http://www.ScottSellsNH.com
0 votes Thank Flag Link Sun Sep 25, 2011
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