Forum Archive

We are selling our co-op FSBO and have a prospective buyer who wants to use the credit union at her place of employment to finance the apartment. We recently had a sale fall through and feel pretty strongly about her working with both the broker at the credit union as well as a traditional mortgage broker so that she’ll have options in the event that one lender starts making things difficult. Since we’re doing this FSBO, I don’t know the answer to this: Are there any rules concerning how many mortgage “brokers” a buyer can use? (Even though the credit union broker only represents one lender …) If the buyer goes with the credit union, will she owe any payment to the more traditional mortgage broker?

Thanks for any advice!