I'm with a broker. What type of broker fees would appear? Also, I'm not working with an real estate agent, should I find an agent first, then work with a broker?
2007-05-18 13:36:39 · 2 answers · asked by pantheress559 2 in Business & Finance ➔ Renting & Real Estate
You should ask your broker for a Good Faith Estimate (GFE) then ask him/her to explain each fee and charge on the GFE.
After you get your pre-approval from your mortgage broker then you should contact a real estate agent to assist you in finding a home for you.
In your pre-approval you will know how much house you can afford as well as the interest rate and approximately mortgage payments.
Make sure your mortgage brokers pre-approval is backed up by a lender.
I hope this is of some use to you, good luck.
"FIGHT ON"
2007-05-18 14:03:20 · answer #1 · answered by loanmasterone 7 · 0⤊ 0⤋
Ask family and Friends for names of good brokers, and talk to those brokers first. Any Broker who knows a client who thinks highly enough if them to refer someone else, has potential to get more loans by referral. They will do everything to keep you happy, because the person who referred you is already thinking they would do business with them in the future. With that in mind they hopefully see you as a new loan client right now, and the person who referred you as a repeat client down the road. Good business people see long term instead of short term relationships with their clients.
2007-05-18 14:43:29 · answer #2 · answered by Jacque w 3 · 0⤊ 0⤋