Posted on May 4, 2011.
We Have Been pre-approved by a mortgage mortgage company.The company has recommended a real estate agent.I am to little leary of Going With this real estate agent, however, Because, Being a first time home buyer, I need a lot of That guidance.I am afraid, Being Tied To The mortgage broker, The Real Estate Agents Might not fight to get us The best mortgage deal (if It Happens To Be With A Company Other Than The original mortgage broker's).
How do you go about getting a good mortgage deal?
Edmond Cotler says...
first of all, the real estate agent is not there to get you a deal on a mortgage - that is either your responsibility or the mortgage broker's responsibility.The agent is there to put you in a house (show you houses, explain the offer/acceptance routine, be there at closing and walk you through the purchase process).
If you do not trust you mortgage broker to get you a fair deal, then you can start calling around to banks in your area and inquire about their rates.This means, however, getting a new pre-approval and starting from scratch on the mortgage.Being a first-time buyer, if you go this route, you are going to have to educate yourself regarding rates and points and buy-downs.
Posted on May 11, 2011
