David SidoniFirst-time home buyer advocate, podcast host, and real estate pro helping renters become owners with real talk and no BS

Bank vs. Broker loan for 1st time homebuyers - there’s a catch!

Name: Bank vs. Broker loan for 1st time homebuyers - there’s a catch!
Uploaded: 2024-05-14T20:57:29+00:00
Duration: 39 s
Channel: David Sidoni
Description: David Sidoni compares bank loans and mortgage brokers for first-time homebuyers. Brokers often match or beat bank rates with more options. Skip chasing…

14 May 2024 · 1 min

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0:39

David Sidoni compares bank loans and mortgage brokers for first-time homebuyers. Brokers often match or beat bank rates with more options. Skip chasing the lowest online rate and pick someone who stays with you through closing, not a rotating cast of strangers.

Chapters

Hello? What? Oh, yeah, we get that question all the time. Yes, there are three huge tips about using a bank or broker. The third one's kind of a scam, so listen for it. Number one is a mortgage broker can offer you everything that your bank does, plus a whole lot more. Number two is that service is what you're really looking for. Shop service, not the interest rate. And the biggest one, the scam. Those interest rates you find online, you talk to one person, but you don't close the deal with that person. You get served by three, four, five, sometimes as many as eight people. People. While you're trying to do the loan, you want one person working with you the whole time. They understand your goals and they know what you're trying to do.