If you are looking for a lender from whom you can take out a mortgage, then you have two options. You can take a home loan directly from a bank or you can employ the services of a mortgage broker. It is smart to know when to directly get a loan from the bank and when to hire a mortgage loan broker.
Banks don’t charge excessive fees.
If you don’t want to pay extra charges or run the risk of being ripped off by scam brokers, then going to the bank directly is a good move for you. First off, banks don’t have hidden extra charges because they don’t need to pay for any experts. They just give you the flat rate and a single service fee. Brokers get their commission fees, thus they put on some extra charges. If you want to save money then go directly to the bank. [Read more…]