Beware of your mortgage broker….
I was walking through a mortgage broker’s space yesterday and heard a training seminar in progress.
The teacher was saying, “start your calculation with how big a commission you want to make, and price the loan accordingly.”
There are honest mortgage brokers, and then there are crooks. Ask your friends for referrals, and check your terms against bankrate’s averages for your state. Don’t be afraid to ask if you’ve been offered the best deal.
Tags: mortgages