Do I Even Need a Broker?
If you keep abreast of mortgage products, know exactly what is the
best loan for your situation and have days to call banks, get quotes
and make comparisons, you probably don't need a broker.
If you're not particularly confident about hunting down a loan,
however, there's a strong case for hiring a broker. Brokers tend to
deal with many banks, so they can advise you on a wider variety of
offerings than a single bank's loan officer can. Plus, brokers have
more time to shop than you (it's their job) and have access to rate
sheets and wholesale lending rates that banks don't share with
consumers.
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