Mortgage Broker vs. Bank in Katy: Which Is Right for You?
Same loan products, very different experiences. Here's how to choose between a Katy mortgage broker and a bank lender.
By Experts of Katy Editorial
Most Katy buyers can get the exact same conventional, FHA, VA, or jumbo loan from a broker or from their bank. The difference is in service, speed, and rate-shopping.
Brokers shop multiple lenders
A Katy mortgage broker sends your file to 5+ wholesale lenders and brings back the best rate. Banks quote only their own product.
Speed: closes faster, usually
Brokers often close in 21-28 days. Big banks can take 45+.
When the bank wins
If you bank with a credit union or have an existing private-banking relationship, the in-house rate may beat the broker. Always get both.