Nassau County NY what is better a Mortgage Broker or Bank?
Many borrowers in Nassau County NY are confused as whether to use a Mortgage Broker or a Bank when buying their new home or refinancing their present one.
To often these borrowers in Nassau County NY are amazed by the great rates that these bank advertise, only later to find out that they do not qualify for those rates.
We have tried to eliminate the tease of great rates and breakdown for you what the two offer outside of interest rates. Hopefully we can help borrowers in Nassau County NY make your decision easier with the information listed below
You decide what's BEST for you:
Local Mortgage Broker |
Mega Bank |
|
Handles mortgages only |
Also sells car loans, checking accounts, etc. |
|
Saves you money with wholesale rates |
Offers higher retail rates |
|
State licensed |
Not required to be licensed |
|
More flexibility of terms |
Fewer options |
|
Consumer advocate and coach |
Salesperson |
|
Shops hundreds of competing loans |
Loan offers limited to their own products |
|
Available, even on weekends |
Strict banking hours |
Watch this Short Video on Mortgage Broker Vs Mega Bank
We at The Mortgage Outlet pride ourselves on providing honest information so that all borrowers can make a decision as to what is best for their unique financial situation. See what our past clients have said about the service we provide from the beginning to the end of the mortgage process from their testimonials. We are ready to answer all of your questions so do not hesitate to call us at 631 589 3600 or email me at david.bailey@themortagageoutlet.org.
Free Pre-Qualification available by clicking here.
Other areas of Suffolk County We Service
Alberston Altantic Beach Baldwin Baxter Estates Bayville Bellerose Carle Place Cedarhurst East Rockaway Elmont Elwood Farmingdale Floral Park Flower Hill Franklin Square Freeport Garden City Garden City Park Gibson Glen Cove Glen Head Glen Oaks Glenwood Landing Great Neck Greenvale Hempstead Hempstead Gardens Herricks Hewlett Inwood Island Park Island Trees Lakeview Lattingtown Laurel Lawrence Levittown Lloyd Harbor Locust Valley Long Beach Lynbrook Malverne Manhasset Manhasset Hills Massapequa Massapequa Park Matinecock Merrick Mineola Muttontown Nassau Point New Cassel New Hyde Park Oceanside Old_Bethpage Old Westbury Oyster Bay Plainegde Plainview Plandome Point_Lookout Port_Washington ORockville_Centre Roosevelt Roosevelt Field Roylsn Roslyn Harbor Russell Gardens Saddle Rock Sands Point Sea_Cliff Seaford Searingtown South_Farmingdale Stewart Manor Syosset Uniondale Valley Stream Wantagh West Hempstead Westbury Williston Park Woodbury Woodmere
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