Untrue! Mortgage brokers are usually paid by the mortgage lender at no cost to you. I focus on finding you the best mortgage product and rate based on your current and future goals/needs.
I work with all different scenarios whether you have great credit or your credit has been bruised. With access to over 35 different lenders with a variety of mortgage lending options, I can determine the best solutions for your specific situation. I also offer one-on-one advice specific to your specific situation to put an action plan together to get you into the home of your dreams or repair your credit to set you up for the future.
Myth! Unfortunately, even when you're a long time loyal bank customer they don't always offer you their best rate. Plus a bank can only offer you their specific products so you're limited to that one lender. That's where I come in! As a mortgage broker, I work with multiple different lenders to ensure you're getting the best mortgage product and rate available. Did I mention that working with multiple different lenders allows me access to a LARGE amount of mortgage products?
I work with multiple different lenders such as banks, monoline lenders, and credit unions. Some examples of the lenders I work with include:
While it's true multiple inquiries in a short period of time can lower your credit score you don't have to worry about that if you're working with a mortgage broker. I pull only one credit bureau and shop it around to multiple different lenders. Yep - I only need to do one credit inquiry for multiple different lenders. So you can rest easy...your credit score will remain in great shape!