A mortgage broker represents your interests instead of the interests of a lending institution. They should act not only as your agent, but also as an informed advisor and problem solver. With access to a wide variety of mortgage products, a broker can offer you maximum value in terms of interest rates, repayment amounts and loan yields. Mortgage brokers will talk to you to map out your wishes and goals in the short and long term. Many scenarios require more than the simple use of a 30-year, 15-year custom mortgage (ARM), so innovative mortgage strategies and sound solutions are an advantage for working with a reputable mortgage broker.
A mortgage broker walks the client through each situation, takes care of the process, and melts any lumps along the way. For example, when lenders have credit problems, the broker knows which lender offers the best returns to meet their needs. Fishermen who find they have loans larger than their bank will also benefit from a broker's knowledge and ability to finance successfully.
Loans to a mortgage broker are offered wholesale by lenders so that they can offer the best interest rates in the market and reduce the total cost of the loan to the individual. A reputable mortgage broker will advertise how they will be paid for their services and detail the total cost of the loan.
Personal service is the second factor when choosing a mortgage lender. You can count on your mortgage broker to guide you smoothly, be available to you, and advise you during the closing process. Check the credentials and experience of a mortgage broker, ask for recommendations and trust the credentials of your lawyer, accountant, broker or financial planner.
t’s time to contact the team at Ding Financial and get a mortgage broker on your side.