All Forum Posts by: Farley Youman

Good question Francis.  Quite a few lenders or brokers can get you a low interest rate. However, there are certainly other factors that are important.
-If dealing with a purchase (and non-refundable deposit deadline), certainly speed will be of essence. The broker should be fast, and the team that associates with the broker.
-Watch out for teaser rates or companies that will actually try to get your property from you; this is rare in the industry, but it does happen.
-To avoid the above, get with a reputable broker, who does not add a lot of points (or any points at all). There are a few brokers that will not add any points at all: in other words, whatever you pay the lender on the points is what you will pay, and there is no extra charge for the broker to be on your team.  He will just get a small amount from the lender. The right broker will be able to answer your questions and guide you to the correct source for your situation.