Mortgage broker vs direct lender

[Cristian De Jesus]

I'm a new investor in the Central Florida Area. I'm looking for opinions on whether I should use a mortgage broker or direct lender, in order to finance my first deal. My final goal is to get a good deal and service without over paying for it. Also, if anyone has any recommendations near my area please feel free to let me know. 

Thank you!

[Brent Reynolds]

Quote from @Cristian De Jesus:

I'm a new investor in the Central Florida Area. I'm looking for opinions on whether I should use a mortgage broker or direct lender, in order to finance my first deal. My final goal is to get a good deal and service without over paying for it. Also, if anyone has any recommendations near my area please feel free to let me know. 

Thank you!

Christian - 
The answer is you should finance your deal in the method that best fits your personal situation.  If you aren't sure, then a mortgage broker can help you think through your options and take advantage of opportunities that are unique to you (FHA, VA, etc).  Just be sure to understand all of the fees associated with using the broker - he/she should be able to clearly demonstrate this for you. 

Further, in my opinion, one of the best ways to learn is to reach out to several lenders with your brief and then compare their responses.  In my experience, lenders are more than happy to help new investors succeed and will spend time with you.  It doesn't cost anything to ask, but the learning is priceless.

I do have some recommendations for conventional and hard money lenders in Orlando if you would like.