Mortgage broker vs banker

[Warren L.]

May I know if anyone knows of a reliable mortgage broker or banker in Jersey City area? I guess for no fee mortage broker, the closing cost is usually higher because the bank needs to pay the broker right? Thanks guys.

[John Moore]

Welcome to Bigger Pockets. If you are using a Realtor they frequently have a few suggestions regarding a mortgage lender; I would also suggest you go on line and apply to a few mortgage lenders and become pre-qualified. When you find the property you are interested in you can submit your Agreement of Sale and they will supply you with a Good Faith Estimate which you then can compare with others; and your shopping for a mortgage has begun. Hope my suggestion helps.