Why Use a Mortgage Broker?
Obviously we’re biased, but if you really want the best possible loan
at the best possible rate, working with a good mortgage broker is the key.
What is a mortgage broker?
A mortgage broker is a real estate professional who specializes in the origination
of residential mortgage loans. In other words, we connect people who need to
borrow money for a house (you) with those who have money to lend (banks and nationwide
mortgage companies). We work as independent contractors with many lenders at
a time so that we can “shop around” for the best terms. By combining
our professional expertise with direct access to hundreds of loan products, we
provide the most efficient way to obtain financing tailored to your specific
needs.
What exactly do we do?
One of our foremost duties is to wade through the
mountains of rate data and program options, researching current market conditions
to find the most accurate and up-to-date information about cost-effective
loan alternatives. Armed with that information, we’re in a position
to help you get the best loan at the best rate possible. Once your loan is
approved, then, we escort your application every step of the way, constantly
monitoring the component transactions for possible breakdowns.
Because there are literally thousands of variables that can affect the outcome
of your mortgage transaction, we handle the details so that you don’t
have to. On your behalf, we act as liaison between the lender, title and
escrow company, realtor, appraiser, credit agency, the underwriter, the processors,
and any other services which may affect your transaction.
To give you some idea of the complexity of what we do, here’s a brief
summary of just some of the steps involved in helping you get a home loan:
- Determine the financing options available based on your credit and finances
- Advise and assist you, if necessary, in clearing up credit problems
- Find the lenders who offer your desired financing options
- Prepare an estimate of all the costs associated with your loan
- Provide required Federal and State disclosures and notices
- Order the appraisal
- Verify that your Loan Application and attachments are correctly completed
- Prepare and submit the final loan application package to the lender
- Maintain contact with you at every stage of the loan process
- Coordinate the final closing with the escrow company
Why use Approved Home Loans?
If our previous clients are any indication, you’re going to like working
with us. We love what we do and we’re really good at it. And when it’s
all over, and you’re relaxing in your new home, you’re going
to be really glad you let us help you get your loan. But you don’t
have to take our word for it. Give us a call at 949.784.8800 and find out
for yourself.
