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Views on Mortgage Brokers Vs Banks

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  • 22-01-2008 3:56pm
    #1
    Sunfowers
    Closed Accounts Posts: 24 ✭


    HI just wondering if anyone has any advice on Mortgage Brokers are they really worth going to or would I be better dealing with a bank directly.

    Does anyone have any experiences of dealing with the Brokers, id be interested to hear any good or bad experiences, particulary if there is any I should stay clear of.

    Thanks a mill


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    #2
    tHE vAGGABOND
    Registered Users Posts: 6,687 ✭✭✭tHE vAGGABOND


    A broker will take your details and get quotes/amounts from circa 10 different lending institutions. [For example, the broker I use goes to 11 different places, and I got approvals for very different amounts, some much more than others [some with great interest rates and some with crappy rates.]

    Brokers should be free, as they get a very nice commission if you sign up through them.

    If you go to a bank you just have that one bank. On the other hand, a few of the banks wont deal with brokers..

    IMHO people are insane if they DONT go with a broker - but thats just me.


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    #3
    Paulw
    Registered Users Posts: 13,381 ✭✭✭✭Paulw


    I have to agree.

    I went with a broker who got me a number of quotes and offers. They had a list of the banks they deal with (all the major ones covered).

    Very friendly, reliable and made it all so easy.


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    #4
    Sunfowers
    Closed Accounts Posts: 24 ✭Sunfowers


    Thanks for that


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    #5
    jdivision
    Registered Users Posts: 4,260 ✭✭✭jdivision


    Make sure that you go to a broker who uses all financial institutions and that they give you a copy of all rates offered - some financial institutions offer better commissions to brokers so they might encourage you to use them


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    #6
    Mister Sifter
    Registered Users Posts: 3,798 ✭✭✭Mister Sifter


    are there any brokers that people would recommend?


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