That's why I work with over 85 lenders who OPEN DOORS YOUR BANK CAN'T.
That's why I work with over 85 lenders who OPEN DOORS YOUR BANK CAN'T.
A mortgage broker is a licensed professional who helps clients find and secure the best mortgage products from various lenders. They act as intermediaries between borrowers and lenders, providing expert advice and streamlining the mortgage application process. Mortgage brokers can access a wide range of mortgage products and rates, which can save clients time and money while ensuring they get the most suitable mortgage for their needs.
For most residential transactions, the cost of getting a mortgage through a mortgage broker is not paid by the home buyer (you) but is instead paid by the lending institution providing the mortgage. As such, you do not have to pay for the services of your mortgage broker.
A mortgage rate hold is an agreement with a lender to lock in a specific interest rate for a set period, usually 60 to 120 days. This protects you from interest rate increases while you search for a home. If rates rise, you get the lower locked-in rate; if rates fall, you may benefit from the lower rate. Rate holds provide peace of mind during the home-buying process.
Using a mortgage broker offers several benefits, including access to multiple lenders, competitive rates, and expert guidance throughout the application process. Brokers save you time by handling paperwork, negotiations, and the legwork of finding the best mortgage products. They provide personalized advice, help you understand your options, and work to secure the most favorable terms for your mortgage.
Yes, self-employed individuals can get a mortgage but may need additional documentation to verify income, such as tax returns, financial statements, and business records. Lenders assess income stability and may require a larger down payment or higher credit score. It's important to work with a mortgage broker who understands the unique challenges faced by self-employed borrowers and can help you navigate the process.
"I know how difficult your bank can be with all the boxes they have to check. That's why I work with over 85 lenders who open doors your bank can't. ." Prequalify here
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