Mortgage Brokers have relationships with many different lenders. They can save you time and money by looking for the best available deals for someone with your financial profile.”

MORTGAGE BASICS

Jump in and get an overview on common mortgage terms

What Are the Advantages of Using a Mortgage Broker vs a Bank?

  • A mortgage broker can save buyers time and stress by finding and vetting loans and managing the mortgage process. Brokers deal with paperwork, coordinate with relevant parties and keep underwriting on track, which could help you close your loan faster.
    • A broker can provide access to different lenders, loan types and rates. In fact, a mortgage broker may be able to get special rates that are lower than what you could obtain from a lender on your own.
    • A broker can help you manage mortgage fees by getting the lender to reduce or waive them, which can save hundreds or even thousands of dollars.
    • A mortgage broker can share insights into how much house you can afford and your chances of loan approval.
    • A broker can help in challenging financial situations, such as a buyer with less-than-perfect credit or inconsistent income. Brokers are often familiar with lenders that will work with nontraditional borrowers and can help pinpoint the best available loans and rates.
    • A broker can save you from mistakes based on the broker’s expertise in the mortgage industry.

Application Checklist

Applying for a mortgage can seem like a daunting and scary process. To help, we’ve created a checklist of things for you to compile, complete and acknowledge before applying. See the fill list by clicking learn more below.

Credit

Credit history is a recorded file of past and current credit that is utilized to compile a credit score. Read about credit, how it works, how to improve your score and more by clicking learn more below

Closing Costs

A closing cost is a payment required to finalize a home loan and is separate from a down-payment. Read about closing cost, their purpose, how you can pay them and more by clicking learn more below.

Private Mortgage Insurance (PMI)

Private Mortgage Insurance or PMI is insurance that protects a lender from increased risk from borrowers putting less than 20% down on a house. Read about PMI, how it works, cost and more by clicking learn more below.

Refinance

Refinancing your mortgage is a common practice used to lower monthly payments, interest rates, lower your DTI and more. Read about refinancing, how it works, cost and more by clicking learn more below.

Glossary of Terms

See a full list of mortgage terms by clicking learn more below.

Appraisals

An appraisal is an estimate of a property’s fair market value and is required by a lender to ensure the loan amount is not more than the property value. Read about appraisals, how they work, ownership and more by clicking learn more below.

Foreclosure

Foreclosure is the process of a lender seizing a property in accordance with the terms stipulated in the mortgage contract. Read about foreclosure and how to avoid it by clicking learn more below.
Mortgage Brokers have relationships with many different lenders. They can save you time and money by looking for the best available deals for someone with your financial profile.”

MORTGAGE BASICS

Jump in and get an overview on common mortgage terms

What Are the Advantages of Using a Mortgage Broker vs a Bank?

  • A mortgage broker can save buyers time and stress by finding and vetting loans and managing the mortgage process. Brokers deal with paperwork, coordinate with relevant parties and keep underwriting on track, which could help you close your loan faster.
    • A broker can provide access to different lenders, loan types and rates. In fact, a mortgage broker may be able to get special rates that are lower than what you could obtain from a lender on your own.
    • A broker can help you manage mortgage fees by getting the lender to reduce or waive them, which can save hundreds or even thousands of dollars.
    • A mortgage broker can share insights into how much house you can afford and your chances of loan approval.
    • A broker can help in challenging financial situations, such as a buyer with less-than-perfect credit or inconsistent income. Brokers are often familiar with lenders that will work with nontraditional borrowers and can help pinpoint the best available loans and rates.
    • A broker can save you from mistakes based on the broker’s expertise in the mortgage industry.

Application Checklist

Applying for a mortgage can seem like a daunting and scary process. To help, we’ve created a checklist of things for you to compile, complete and acknowledge before applying. See the fill list by clicking learn more below.

Credit

Credit history is a recorded file of past and current credit that is utilized to compile a credit score. Read about credit, how it works, how to improve your score and more by clicking learn more below

Closing Costs

A closing cost is a payment required to finalize a home loan and is separate from a down-payment. Read about closing cost, their purpose, how you can pay them and more by clicking learn more below.

Private Mortgage Insurance (PMI)

Private Mortgage Insurance or PMI is insurance that protects a lender from increased risk from borrowers putting less than 20% down on a house. Read about PMI, how it works, cost and more by clicking learn more below.

Refinance

Refinancing your mortgage is a common practice used to lower monthly payments, interest rates, lower your DTI and more. Read about refinancing, how it works, cost and more by clicking learn more below.

Glossary of Terms

See a full list of mortgage terms by clicking learn more below.

Appraisals

An appraisal is an estimate of a property’s fair market value and is required by a lender to ensure the loan amount is not more than the property value. Read about appraisals, how they work, ownership and more by clicking learn more below.

Foreclosure

Foreclosure is the process of a lender seizing a property in accordance with the terms stipulated in the mortgage contract. Read about foreclosure and how to avoid it by clicking learn more below.
Mortgage Brokers have relationships with many different lenders. They can save you time and money by looking for the best available deals for someone with your financial profile.”

MORTGAGE BASICS

Jump in and get an overview on common mortgage terms

What Are the Advantages of Using a Mortgage Broker vs a Bank?

  • A mortgage broker can save buyers time and stress by finding and vetting loans and managing the mortgage process. Brokers deal with paperwork, coordinate with relevant parties and keep underwriting on track, which could help you close your loan faster.
    • A broker can provide access to different lenders, loan types and rates. In fact, a mortgage broker may be able to get special rates that are lower than what you could obtain from a lender on your own.
    • A broker can help you manage mortgage fees by getting the lender to reduce or waive them, which can save hundreds or even thousands of dollars.
    • A mortgage broker can share insights into how much house you can afford and your chances of loan approval.
    • A broker can help in challenging financial situations, such as a buyer with less-than-perfect credit or inconsistent income. Brokers are often familiar with lenders that will work with nontraditional borrowers and can help pinpoint the best available loans and rates.
    • A broker can save you from mistakes based on the broker’s expertise in the mortgage industry.

Application Checklist

Applying for a mortgage can seem like a daunting and scary process. To help, we’ve created a checklist of things for you to compile, complete and acknowledge before applying. See the fill list by clicking learn more below.

Credit

Credit history is a recorded file of past and current credit that is utilized to compile a credit score. Read about credit, how it works, how to improve your score and more by clicking learn more below

Closing Costs

A closing cost is a payment required to finalize a home loan and is separate from a down-payment. Read about closing cost, their purpose, how you can pay them and more by clicking learn more below.

Private Mortgage Insurance (PMI)

Private Mortgage Insurance or PMI is insurance that protects a lender from increased risk from borrowers putting less than 20% down on a house. Read about PMI, how it works, cost and more by clicking learn more below.

Refinance

Refinancing your mortgage is a common practice used to lower monthly payments, interest rates, lower your DTI and more. Read about refinancing, how it works, cost and more by clicking learn more below.

Glossary of Terms

See a full list of mortgage terms by clicking learn more below.

Appraisals

An appraisal is an estimate of a property’s fair market value and is required by a lender to ensure the loan amount is not more than the property value. Read about appraisals, how they work, ownership and more by clicking learn more below.

Foreclosure

Foreclosure is the process of a lender seizing a property in accordance with the terms stipulated in the mortgage contract. Read about foreclosure and how to avoid it by clicking learn more below.