The truth is, that either can be better on any given day. When shopping for a mortgage, it's the name on the back of the jersey that counts. You want to pick a loan officer and not an institution. While some of the responses here may seem genuine, please remember they are just hyping themselves to try and earn your business. Direct lender of broker can offer you the same terms, they just get there in a different way. Interview loan officers from both and pick one that you trust. Also stay with someone licensed in your state as they have a better grasp on individual state regulations and procedures. This is especially important on purchases. Gregorio Denny WeFixRates.Com

There are 3 choices:-broker can shop different lenders but they have an additional broker/processing fee(s) on top of the regular banks fees...sometimes you see it, sometimes you don't...but it's there. -banks are generally slower at closing loans-mortgage bank is able to shop different lenders without the additional broker fee and is able to close loans more quickly than a bank.if you're ready to get pre-approved please call me at 415-672-2499Thanks!

Banks are great usually lower on front end fees, rates can be higher. Also, they ONLY have their own products to offer, sometimes a competitor has a better deal and that is where a Broker can help.

I agree with Gregorio and gave him a thumbs up, search for a Loan Officer with good intentions!Matt Elston, AgSouth Mortgages, p. 803-324-1131