Mortgage Broker

Started by anonymous
over 13 years ago
Posts: 8501
Member since: Feb 2006
Discussion about
Is one really different from another if they are from a legit firm (Manhattan Mortgage, Preferred Empire, etc.)? Dont thtey all pretty much have access to the same rates?
Response by anonymous
over 13 years ago
Posts: 8501
Member since: Feb 2006

I think so, so really it's about service. It's like picking a financial advisor or broker.

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Response by anonymous
over 13 years ago
Posts: 380
Member since: Apr 2007

Yes, there are very big differences between individual brokers (in the same firm) as well as firms.

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Response by anonymous
over 13 years ago
Posts: 380
Member since: Apr 2007

These posts where everyone tries to understand the entire mortgage industry in one thread are funny.

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Response by anonymous
over 13 years ago
Posts: 380
Member since: Apr 2007

#1 you clueless moron, do you consider all car mechanics created equal, even though they work on the same cars with the same parts? Dont they have different levels of expertise, service and pricing?

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Response by anonymous
over 13 years ago
Posts: 1627
Member since: Jan 2007

All real estate agents, lawyers, painters, and carpenters have exactly equal expertise and talent. There is no differnce you get the same high quality of service no matter who you pick.

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Response by anonymous
over 13 years ago
Posts: 277
Member since: Jan 2007

#5 and #6

So BRILLIANT . . . I am glad that you know everything about mortgages and know that everyone has the same bank relationships.

The point of the post was -- do all brokers have the same access to the same products -- or are there "exclusives" that some brokers have with banks. Obviously one person can provide more "service" -- which in the case of a broker means showing up and getting you paper work.

I guess it was wishful thinking that registration would raise the quality level of feedback. Just not sure what value your comments provide other than to be jerks . . .

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Response by anonymous
over 13 years ago
Posts: 152
Member since: Nov 2005

#4 I'm sure makes a good point, but I'd certainly like to understand it a bit better. I've known many people who've asked me if they should use a mortgage broker, or work with their existing mortgage bank, etc. I have no clue.

For example, are mortgage brokers (frequently) able to negotiate a better rate for a refi than my bank will offer me?

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