Personal Finance and Investing

We just bought a house using a mortgage broker instead of dealing with the lender ourselves. It saved us a lot of $$$. They do the shopping for the best rate, and they don't earn their $ based on the rate. It was great! I didn't even know they existed until our realtor recommended this person. We had begun conversations with two lenders before we found him and they kept calling us back with lower and lower rates. Each time they did, he did an "apples to apples" comparison and we were better off staying with him. In the end, the lender he used for us was at the lowest rate offered by the other lenders AND there was a "broker discount" that surprised us. Plus the closing costs were less.