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- Why Use A Mortgage Broker? -
A mortgage broker is an independent real estate financing professional who specializes in the origination of residential and/or
commercial mortgages.
Mortgage brokers have the ability to obtain the best possible rate for your situation by shopping all approved lenders. Since the broker works with many different national lenders they are not forced to recommend one set of loan
programs to you but can seek out many different options that are offered. Brokers do the loan shopping for you. When you apply for a loan with
a mortgage broker you are effectively applying
for a loan with all the lenders the mortgage
broker is approved with.
Mortgage brokers obtain rates at wholesale. It
costs no more to do business with a mortgage
broker. In fact independent surveys have shown
that in many cases the fees charged by a broker
are less and the interest rate obtained is lower
than if the borrower went directly to the
lender. Mortgage brokers work on a contingency
basis. They are not compensated until the loan
closes. (Be aware. Some mortgage brokers charge
a non-refundable up-front application fee. We do
not.)
When working with a mortgage broker only one
credit report is used. If you were to apply to
multiple lending institutions for a mortgage,
each lender would do a credit check. This may
lower your
credit score.
A lower credit score could mean you may not
qualify for the best interest rate possible with
any lender.
A mortgage broker deals exclusively with mortgages.
By combining professional expertise with access to
many different wholesale lenders and hundreds of
loan products, a broker provides consumers the most
efficient and cost-effective method of offering home
financing options while still providing
individualized attention tailored to the consumer's
needs and wants.
A mortgage broker represents you in obtaining
financing that best fits your
specific financial goals.
We are a licensed lender in the State of North Carolina and we are members of the National Association of Mortgage Brokers
and the Georgia Association of Mortgage Brokers. We strive to uphold the high level of ethical conduct that these associations promote.
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