Four Reasons to Work With a Mortgage Broker
When shopping for a mortgage, you have a couple of options. You can use a direct lender, like a bank, to get the job done. This approach has certain advantages, but you might need to go through the tedious application process multiple times before arriving at a satisfactory result. Who has time for all that?
If this sounds intimidating, don’t worry! There’s a less-stressful way to find your mortgage match. You can work with a mortgage broker, such as MortgageDepot, to get the financing you need to achieve your real estate goals.
Besides taking the jitters out of the mortgage-shopping process, does working with a mortgage broker come with more benefits? Sure it does! There is a lengthy list of pros, but today we’ll focus on four of our favorites. Here they are, in no particular order:
Mortgage Brokers Possess Advanced Mortgage Knowledge
Mortgage options go way beyond conventional loans and FHA programs. If you shop for a mortgage without a mortgage broker by your side, you might unintentionally limit yourself to the basics. A savvy mortgage broker will introduce you to these out-of-the-box solutions:
- Jumbo loans
- Stated income programs
- Options that require a down payment as low as 1%
- Bridge loans
- Commercial mortgages, including hard money loans
Good Mortgage Brokers Keep Your Best Interests at Heart
As mortgage brokers, we have countless financing options at our fingertips. We have an ethical responsibility to use these options to your advantage, not to ours. We pledge to help you find a mortgage solution that doesn’t put you in a financial crunch. We’ll even help you explore refinancing options that might reduce your monthly payments, shorten your loan term or provide other valuable benefits.
Professional Mortgage Brokers Work With True Lender and Vendor Partners
At MortgageDepot, we enjoy a collaborative partnership with our lenders. In the end, our clients benefit most from this positive relationship. Our vendors want our business to succeed, so they provide access to mortgage products with the lowest rates and most favorable terms. We pass these benefits directly to you.
Mortgage Brokers Do the Legwork on Your Behalf
Applying for a mortgage is a detail-oriented, time-consuming task for the average borrower. When you work with a mortgage broker, we dot every “I” and cross every “T” for you! Here are a few examples of what we’ll do:
- Get copies of your credit report
- Verify your income
- Submit your loan application to multiple lenders for easy offer comparison
- Provide customized guidance so that you always understand your next step
Contact MortgageDepot Today!
Today’s post only focuses on four benefits of working with a mortgage broker. Our dedicated team is standing by to show you the rest! Contact us today to see how easy it is to achieve your real estate goals with a sensible loan solution.
Connect with one of our loan consultants to learn more.