Florida Mortgage Brokers Negotiate Better Deals

In another win for the free market, a study conducted by the Florida
Association of Mortgage Brokers found that home-loan applicants with
less-than-perfect credit pay lower interest on their mortgages when they
secure them through mortgage brokers as opposed to mortgage lenders.

On the whole, mortgage brokers got clients rates that were 1.13 percentage
points lower than those that originated with lenders. The results can be
seen in the fact that 70% of all of Florida's residential mortgages are
negotiated through mortgage brokers.