List of Mortgage Companies

How do you decide what bank to get a mortgage from?

My boyfriend and I have two different banks. How do we decide where to go to get pre-approved for a mortgage? My bank is pretty much local, with only about 10 branches total. My bf's bank is national.

Public Comments

1. The bank that offers the lowest rate, no points, 30 or 15 yr fixed. Ask at both banks what the rate is
2. Most banks will just sell your mortgage to an investor. So it doesn't really matter what bank you "choose". Go for what makes most sense financially.
3. One of the "rules" in the real estate firm I worked for was that we could never set up a loan for a customer that involved using a locaL bank, The reason: Those employees in the mortgage department worked on a salary thus did not have the incentive of a commission to encourage them to do a rapid close. When I dealt with morgage brokers, they were fast and efficient.
4. Go to at least 2 Mortgage Brokers they will give you the best rate. You shouldn't care wich bank give you the mortgage , they will sell it anyways... I got my super cheap mortgage from an internet bank and they sold it to Washington Mutual (my bank) who had already reject me!!