Benefits of Using a Mortgage Broker

I’m always happy to pass on great info...and this is great info! I’ve included a few snippets below lifted from the full article.

Whether you are shopping for a new mortgage with which to purchase a home or a refinance of your existing loan, you will have to decide between working directly with a lender or hiring a mortgage broker. A broker is an intermediary who helps you find the best possible loan program from the menu of options available to him. The hope is that he will save you more than his fees cost.

Greater Choice in Lenders

While you can shop among as many lenders as you want, the reality is that you are limited in the number of banks you can contact. A good mortgage broker should have contact with many different lenders, though you should research your broker's history to ensure he is not committed to just a handful of favored lenders. An effective broker should also have access to special programs at wholesale pricing that individual borrowers can't access, either.

Do you need more detail on this subject? Head on over to the full article - https://homeguides.sfgate.com/benefits-using-mortgage-broker-62797.html - for more ideas and perspective. Afterwards, why not drop me an email to share your thoughts [email protected]; or call me on (0414) 934-277.

Thanks,

Carmen