07-26-2012 08:33 AM
I'm currently pre-approved through US Bank for an FHA loan. But, I've been kind of frustrated with the lack of communication. Is it a bad idea to shop around with a broker? I mean, they are brokers who deal with multiple lenders. Do you think they'll be able to get a much better deal than with a big bank?
I'm new to this process, so any suggestions would be helpful.
07-30-2012 06:58 AM
07-30-2012 07:08 AM
If your current lender is non-responsive, then shop around. Get a mortgage banker, they fund their own deals and are generally more responsive than the large banks. They can broker out a deal or fund it. They have more loan options than a direct lender like USB.