u/AgentDoraTheExplorer

Hello,

looking for some advice regarding mortgages. Got preapproval via realtor recommended broker. We placed an offer on a house and it got accepted. Our realtor forwarded the contract to the broker. We sent them our W2, paystubs etc. However, everything seems very rushed and no one has explained anything to us. we don't know what the fee would be for using the broker and they quoted a rate of 6.5%. Talking to my credit union - they offer 6.25% ((30yr conventional 7yr ARM), no PMI with 10% down and 3000 closing cost including appraisal. What's the advantage of one over the other? CU seems much more informative and helpful.