Why use a mortgage broker?

Brokers work for you, not the banks. Choosing a loan that does not fit can cost thousands over the years. There are more options than one bank’s menu, and keeping up with them is a job. That is the job.

1. 1

   One conversation instead of calling lender after lender yourself.

2. 2

   Access to many lenders, so the loan can fit the file — purchase, refinance, self-employed income, or a property that is not a plain primary home.

3. 3

   You are not sitting across from someone who can offer only that bank’s products.

4. 4

   A pre-qualification before you write an offer, so your agent knows a price range.

5. 5

   Help reading the Loan Estimate: rate, APR, cash to close, and what is still an estimate.

6. 6

   Someone who stays with the file through processing, underwriting conditions, and closing.

7. 7

   No charge from us to shop. The lender’s fees, if any, show up on your Loan Estimate before you commit.

8. 8

   Repeat business and referrals are how a small brokerage lives, so a bad fit is a bad idea for us too.

You do not call one insurance company and hope. You compare. Do the same with the mortgage. Call the broker first, before a stack of credit pulls from random applications makes the file messier.