In an article today from the Walls Street Journal, The HUD published a study showing higher fees when dealing with mortgage brokers. This may or may not be true, but my advice is to shop around when looking for your mortgage. Get the good faith estimates from 3 - 5 mortgage companies, whether it is your local bank or an Internet broker, and compare the GFEs to each other. It is also a good idea to tell them you are shopping around, and one company might reduce fees in order to earn your business. If you do the research, you can find the best deal with the least amount of fees. Oh, and seek some advice from your real estate agent. We are very helpful when it comes to dealing with mortage companies.
Grant
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