numerous programs: WHY USE A MORTGAGE BROKER
- 12/22/13 03:44 AM
Why use a mortgage broker? This is probably one of the questions I get most often as a mortgage broker. First of all, mortgage brokers offer a variety of mortgage programs and rates that other lenders just do not. A mortgage broker usually has numerous banking relationships they are approved to do business with which allows them to offer literally hundreds of rate and program options that a direct lender does not. Why is this? Banks that do business with mortgage brokers do so because it is cheaper for them to use mortgage brokers to originate loans without having the fixed costs associated with staffing and brick and mortar offices. … (2 comments)
Why use a mortgage broker? This is probably one of the questions I get most often as a mortgage broker. First of all, mortgage brokers offer a variety of mortgage programs and rates that other lenders just do not. A mortgage broker usually has numerous banking relationships they are approved to do business with which allows them to offer literally hundreds of rate and program options that a direct lender does not. Why is this? Banks that do business with mortgage brokers do so because it is cheaper for them to use mortgage brokers to originate loans without having the fixed costs associated with staffing and brick and mortar offices. … (2 comments)
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