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My mortgage rate quote dropped from 6.8% to 6.2% in two weeks after I switched from my bank to a broker.
The broker shopped my application to five different lenders, which my local credit union just wouldn't do, so what's the biggest rate difference you've seen between a bank and a broker?
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wyatt_garcia9d ago
Brokers often add hidden fees that eat into that rate savings. Banks have more consistent pricing and you know exactly who you're dealing with. The final cost after closing might not be that different.
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betty_barnes9d agoTop Commenter
Actually used to think brokers were always the better deal. But yeah, the hidden fee thing is real and it adds up. Makes you wonder if the lower rate is even worth it sometimes.
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