With some large banks cutting back on doing business with mortgage brokers many mortgage brokers or mortgage companies could be closing their doors.
This could be very bad news for borrowers because with fewer brokers in the marketplace things will become less competitive and more expensive for you to obtain a home loan. It won’t be so easy to shop and compare rates.
To read the entire article, please visit: http://money.cnn.com/2009/02/12/real_estate/lenders_drop_mortgage_brokers/index.htm?postversion=2009021213
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