Mortgage Shopping: Should I Head to my Bank?
Personally, I would never hand over my business to any institution unless I have a relationship with one accountable person in it. So, the obvious answer to the above question - should I just head to the bank and get a mortgage loan is no.
A better answer is to find a good mortgage broker you can trust and work with. This mortgage broker will research all the loans available, including the ones your bank offers and get you the cheapest loan you can get. The only thing you must watch for are the closing costs associated with mortgage brokers, especially the online ones.
That being said, if you are shopping around, starting at your bank is not a bad idea. As long as you are willing to shop and compare rates, payments and closing costs, starting with your bank might not be all bad. Just remember to shop!
