Why Use a Broker?

Independent mortgage brokers have a significant impact on the lending industry. Nowadays, the use of a professional mortgage broker is a key strategy used by sophisticated borrowers.​

 

What is a Mortgage Broker?

A mortgage broker is a real-estate financing professional who works independently and specializes in the origination of residential mortgage loans. Mortgage brokers usually pass the funding and servicing of loans on to wholesale lending sources. A mortgage broker is also an independent contractor who works with as many as 50 lenders at any one time. By combining professional expertise with direct access to hundreds of loan products, your broker provides a more efficient way to obtain financing adjusted specifically to your financial goals.

 

What Do Mortgage Brokers Do?

In the volatile home-lending market, mortgage brokers are almost safeguards, they offer their clients security, safety, and peace of mind. An important function a broker takes is escorting your loan application through the entire process; they are always looking out to see if there are any possible breakdowns in your transaction. A professional mortgage broker looks through the mountains of rate data and program options, rand researches the current market conditions to find the most accurate and up-to-date information about cost-effective loan options for you.

 

Brokers Handle the Details!

There are thousands of variables that can affect the outcome of your mortgage transaction. That's why you need a mortgage broker to act as a liaison between the title and escrow company, real estate agent, lender, appraiser, credit agency, the underwriters, the processors, attorneys, and any other services which may affect your transaction.

 

A mortgage broker also:

  • Discusses and explains financing program options

  • Informs you, in writing, of lock-in options

  • Explains all documents of the loan application

  • Explains all costs associated with the loan application

  • Explains the expenditure of all loan applications

  • Explains the loan process, from application to closing

  • Provides you with a good faith estimate of cost and fees

  • Communicates with you throughout the loan process in a timely manner

  • Coordinates the final closing of your transaction

 

Main: (561) 417-3664

Fax: (954) 301-0176

contact@primaloan.com

  • Facebook Clean
  • Twitter Clean
  • Google+ Clean
  • LinkedIn Clean

33 SE 7th Street, Suite N. Boca Raton, FL 33432

Copyright 2015 PRIMA Financial Services | All Rights Reserved

Web Design and Hosting by Image Marketing Agengy

 

License NMLS