Mortgage Broker vs. DIY

[Kenneth C.]

BP Community:

I would like to get some feedback from you all. I'm exploring the option of refinancing several commercial loans that I have and engaged a mortgage broker. Actually, the broker was referred to me. My initial thoughts are/were to continue to build direct relationships with the banks, but due to time constraints the broker could perform the leg work of identifying banks to use vs. me doing that work. As I pondered over this scenario, whether I use the broker or not, I would still be building a relationship with the banks. The only caveat being that the broker will get a fee (which is fine).

Your thoughts on my logic above?

[Kenneth C.]

@Stephanie P. Thank you very much for the feedback.