Benefits of a Mortgage Broker
We, as mortgage brokers act as your personal loan concierge and do all the work for you. The mortgage broker applies for loans with different lenders on your behalf, finds the lowest mortgage rates, negotiates terms and makes the mortgage approval magic happen.
We have relationships with several local, regional and even national lenders, and they can tap those connections to get some loan fees waived for you. A mortgage broker will give you accessibility and one-on-one attention you likely won’t find when working directly with a loan officer at a large bank.
Another benefit of having a mortgage broker: Some banks and lenders work exclusively with mortgage brokers, and that positions you to get qualified for certain loan products if your mortgage broker has a good relationship with those lenders.
You’ll also save time by using a mortgage broker; it can take hours to apply for different loans, and then there’s the back-and-forth communication involved in underwriting the loan and ensuring the transaction stays on track. A mortgage broker can save you the hassle of managing all those daunting details.