Mortgage Options

 A mortgage broker is a licensed financial professional who acts as an intermediary between borrowers and lenders. Unlike banks or direct lenders who only offer their own loan products, mortgage brokers work with multiple wholesale lenders to find and secure the best mortgage options for their clients. They handle the loan application process, compare rates and terms across various lenders, and guide borrowers through closing. 

•  Brokers shop your loan across numerous lenders, while banks only offer their own products
• Increased competition among lenders often results in better rates and terms
• Access to wholesale lending channels not available to retail consumers

• Wholesale pricing typically beats retail bank rates
• Lenders compete for your business, driving down costs
• Brokers can find specialized programs that major banks don't offer

• Dedicated loan officer throughout the entire process
• More flexible and responsive than bank loan departments
• Brokers work for you, not the lender

• Knowledge of niche loan products (VA, FHA, construction, non-QM)
• Experience with complex financial situations banks might decline
• Can match unique borrower situations with the right lender

• One application shops multiple lenders simultaneously
• Brokers handle the legwork of comparing options
• Streamlined process with a single point of contact

•  Lenders pay broker compensation (lender-paid)
• Often no additional fees compared to going direct to a bank