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USB or broker?

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bellrod44
Contributor
‎07-26-2012 08:33 AM
‎07-26-2012 08:33 AM

USB or broker?

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.

Cards in my wallet: BofA 1-2-3 Rewards - $3,000 (5/2012), Walmart - $350 (9/2012), Home Depot - $500 (10/2012), US Bank - $1,000 (11/2012)
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bellrod44
Contributor
‎07-30-2012 06:58 AM
‎07-30-2012 06:58 AM

Re: USB or broker?

Anyone???

Cards in my wallet: BofA 1-2-3 Rewards - $3,000 (5/2012), Walmart - $350 (9/2012), Home Depot - $500 (10/2012), US Bank - $1,000 (11/2012)
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StartingOver10
Moderator Emerita
‎07-30-2012 07:08 AM
‎07-30-2012 07:08 AM

Re: USB or broker?

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.

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