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Best way to shop for a mortgage - use a broker!

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Iain Gliddon | 29 Apr 2014, 09:57 PM Agree 0
Mortgage brokers took a lot of undeserved heat for the housing meltdown, but consumers need to know that using a broker is still one of the best ways to shop for a mortgage in my opinion.
  • RoryP | | 29 Apr 2014, 09:59 PM Agree 0
    In the wake of the global financial crisis, a number of regulators and a number of congressmen really identified brokers as the bad guys in that whole equation
  • Jason | | 29 Apr 2014, 10:00 PM Agree 0
    Continuing to punish brokers for the perceived sins of the past is just unfair in my point of view
  • Simon Dalambert | | 29 Apr 2014, 10:49 PM Agree 0
    I think it is important to point out that those in congress did not and most likely still do not understand the mortgage broker business.

    If they did they would understand that NOT ONE broker created, underwrote, sold to the secondary market one sub-prime mortgage. That was the roll of the Big Banks and Wall Street.
  • David Moore | | 29 Apr 2014, 10:54 PM Agree 0
    The industry with the weakest associations and thereby limited lobby suffered most of the blame. The lesson for mortgage professionals should be clear, support our state and national associations.

    To demonstrate my point, the Banks, Realtors and many on Wall Street mysteriously avoided blame...they have well established association and lobbyist reach, end of story. The Banks and Wall Street dreamed up the products and brokers and bankers with little choice but to compete offered them. Our politicians targeted the weakest…when you have no defense go on the offense.
  • RehabCenterNYC | | 30 May 2014, 01:00 AM Agree 0
    I think a reliable broker should be appointed,because they the correct market ideas.
  • Marcell | | 27 Jun 2014, 08:35 AM
    Deleted by moderator
  • jeena | | 26 Jul 2014, 04:11 AM Agree 0
    One important decision will be whether to pursue a mortgage on your own or to use the services of a mortgage broker. While a good mortgage broker can shop your mortgage among several lenders, it's important to understand that brokers don't have special access to deals that are unavailable elsewhere. And a broker is not obligated to find the deal that is best for you. <a href="">Clicking Here</a> to get more information. Some have been known to pair a borrower with the mortgage that offers the broker the greatest profit, instead of the lowest cost to the borrower.
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