There are so many different mortgage options available to homebuyers in today’s markets. All of the various mortgage products, guidelines and qualifications can be quite overwhelming. This adds to the stress of searching and finding your new home and the process of moving into it. There is a way to minimize this stress, by working with a mortgage broker to walk you through the process. Their expertise and services will help you in more ways than you can imagine.
Here are 5 Advantages of Using a Mortgage Broker:
1- Have a wider access to investors with varying underwriting guidelines
One of the advantages of using a mortgage broker is that they have a large pool of investors to work with. If you do not meet the guidelines and criteria for one investor they can keep searching to find the right mortgage product for you.
2- Access to the best rates with various investors.
Competitive rates are another perk of the many investors a mortgage broker works with. They can shop around the investors to get the most competitive rate possible for you. This will save you time upfront while searching for the best rates and will also save you thousands of dollars over the life of your loan.
3- Better customer service
Working with a mortgage broker will provide you with the best customer service possible. You will receive more 1 on 1 attention and have someone who is truly invested in finding the best mortgage product for you.
4- Saves your time.
There are so many things to take care of while buying a house. Anything that will save you time and a headache is a god send. Working with a mortgage broker will save you from spending countless hours searching for different mortgage companies and fillinf out several mortgage applications. You don’t have to start the process all over again if one loan option doesn’t work out. Your broker will still have all of your paperwork and information and can look into other options for you. This will save you from researching more mortgage products, finding more providers and reinventing the wheel.
5- More resources available
Working with a mortgage broker opens up many resources to you. Typically a mortgage broker has developed several business contacts within the real estate fields. They can refer you to top notch realtors, moving services and financial advisors in your area. These referrals are an invaluable way to get more professional assistance on your side.
Understanding the many advantages of using a broker will allow you to have a streamlined process the next time you buy a house. Aceltis is ready to help guide you through your next home purchase. Give us a call today at 973-638-2466 for a free, personalized consultation. You can also apply online. It is fast, secure, and easy. We hope to be the brokerage to fufill your home buying needs.