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 Mortgage
Brokers have the most diverse offerings.
In the past 20 years, independent
mortgage brokers have had a significant positive impact
on the lending industry. Today, the use of a professional
mortgage broker is one of the key strategies used
by sophistaced borrowers.
A mortgage broker
is an independent real estate financing professional
who specializes in the origination of residential
mortgage loans. Mortgage brokers normally pass the
actual funding and servicing of loans on to "Wholesale
Lending Sources". A mortgage broker is also an
independent contractor working with (on average) as
many as 40 lenders at any one time. By combining professional
expertise with direct access to hundreds of loan products,
your broker provides the most efficient way to obtain
financing tailored to your specific financial goals.
What
to Mortgage Brokers do?
In the volatile
home-lending market, Mortgage Brokers can serve as
"police," offering their clients security,
safety, and peace of mind. One of the Broker's most
important functions is excorting your loan application
through the entire process, constantly patrolling
the component transactions for possible breakdowns.
A professional mortgage broker can wade through the
mountains of rate data and payment options, researching
current market conditions to find the most accurate
and up-to-date indormation about cost-effective loan
options.
Brokers
handle the DETAILS!
There are literally
thousands of variables that can effect the outcome
of your mortgage transaction. That is why you need
a mortgage broker to act as liaisonbetween the title
and escrow company, real estate agent, lender, appraiser,
credit agency, the underwriters, the processors, attorneys,
and any other services which may effect your transaction.
A mortgage
broker also:
Discusses and explains financing program options
Informs you, in writing, of lock-in options
Explains all documents of the loan applications
Explains all associated costs of the loan application
Explains the disbursement of all loan applications
Explains the loan process, from application to closing
Provides you with a good faith extimate of cost and
fees
Communicates with you throughout the load process
in a timely manner
Coordinates the final closing of your transaction
Brokers and loan officers are your resource for questions
or concerns after your transaction closes.
We can assist
you on your next home purchase!
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