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Dumb Little Man: Financial Advice: Broker versus Bank The Benefits of a Reverse Mortgage Broker

Dumb Little Man: Financial Advice: Broker versus Bank The Benefits of a Reverse Mortgage Broker

Link to Dumb Little Man - Tips for Life

Financial Advice: Broker versus Bank The Benefits of a Reverse Mortgage Broker

Posted: 10 Jun 2013 09:02 AM PDT

What's the difference between walking into a huge commercial mortgage bank and working with a small, independent broker? On the surface, it may seem like a lot.

Yes, the big bank may have a big sign, dozens of loan experts at your service and a national advertising presence.

But when it comes to securing the best rate for your reverse mortgage loan, and ease of working through the loan process, you'll actually have many more options by going through a mortgage broker.

Plus, your loan is likely to end up being serviced by the same company in the end, anyway.


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