| If you watch the bond market daily, can put in multiple calls to bankers every day, and crunch and recrunch numbers daily through the day, then you probably do not need a mortgage broker, and might be better off with a banker. A Mortgage Broker is your eyes and ears, and is always searching for the best terms and programs for his clients. You will pay a premium to a good mortgage broker, however the end result will usually save you thousands of dollars in the process A broker also has more lending options than a banker, which may assist you in obtaining a mortgage that is more suited to your specific needs. Remember, when considering a banker or a broker, it is the individual that you deal with who makes the largest impact on your application package for a mortgage and how it will be viewed by the lender. Just because an individual is employed by a banking form does not mean that they have any more experience, training or knowledge than a person employed by a broker. |
