Established Contributor
namvet
Posts: 866
Registered: ‎09-22-2011
Re: Mortgage broker vs loan officer

Mortgage brokers/loan officers will charge what the market will allow.  A GFE has to be provided so you can compare the costs.  Mortgage brokers are competive with direct lenders and in some cases will charge less.  Most consumers will call at least three lenders to compare rates and costs.  Don't pay any fees upfront.  The pre-qualification process should be free.