Where is the best place to get a loan? I have been told by a handful of people to stay away from a

Asked by Daniel, Baton Rouge, LA Tue Jun 17, 2008

mortgage
broker because they charge a lot of fees and the bank can give you a lower interest rate. Is this true. Any suggestions?

Help the community by answering this question:

+ web reference
Web reference:

Answers

5
LA Lending, , Baton Rouge, LA
Tue Jun 17, 2008
Hi Daniel-
I'm a mortgage broker and I can confirm what Don answered earlier. Depending on your circumstances, mortgage companies can beat your local bank on interest rate, options and fees - it's just important to choose the right mortgage broker!

As a mortgage broker, it is my job to specialize in real estate transactions. A bank offers a wide variety of products, and often cannot offer you the service and expertise you should have when making such a large decision.

I would love to compare what your local bank can offer you. Please visit my website for more information.
Chasity Marshall
Web Reference:  http://www.LALending.net
1 vote
Ray7, , Denver County, CO
Wed Apr 1, 2009
we wouldn't EVER concider using anyone but cashloancity com ever again if it's online.
0 votes
Michael Andr…, Other Pro, Baton Rouge, LA
Wed Jun 18, 2008
I have found that everything in life is negotiable, including a mortgage

IMany of my clients have used Prime South Mortgage, contact: michael@primesouthmtg.com
0 votes
Katherine Ra…, Agent, Mandeville, LA
Wed Jun 18, 2008
Before real estate I had a career in banking and there were many times when the loan officers hands were tied by policies dictated from the corporate office in Ohio. In my experience, there is a personal level of service provided by a local mortgage broker or even a smaller local bank that can't be matched by a large bank.
Whichever route you choose, you should interview a few lenders before making your decision. I have contacts with several lenders of both types in St. Tammany, some of whom have branch offices in Baton Rouge. I'd be happy to provide references - just send me an email kracine@kw.com.
0 votes
Don Tepper, Agent, Burke, VA
Tue Jun 17, 2008
Nope. Not necessarily true. A mortgage broker has access to many different lenders. And, depending on what your needs are, and your specific circumstances, your bank may not have a loan program that meets your needs. I've run into some mediocre mortage brokers, but I've also run into some extremely good ones. I'd suggest getting recommendations from your Realtor; he/she has a vested interest in making sure that you get the financing that works best for you in order to make the transaction succeed. But, by all means, if you have a relationship with a particular bank, check out their loan programs, too.

Hope that helps.
0 votes
Search Advice
Search
Ask our community a question

Email me when…

Learn more