Private Mortgage Broker?

[Dimitri Paspalaris]

I talked to a broker this morning that says she doesn't go through the banks and goes straight to Fannie and Freddie.  She says she can get me a 5.125% mortgage for an investment property and if I pay $600 for one point she could bring it down to 4.99. So far this has been the best deal I have seen in the Jax, Fl area. The property I am looking for is 150k with 25% down. Has anyone dealt with this type of broker and is this a safe avenue to use for a mortgage? In addition, should I pay the extra 600 to bring the rate down to 4.99%?  Thanks for the help and advice.