Why going to an independent mortgage broker may be better than going to a bank: 1. You do not have to commit to hours and hours of online searching for bank products and rates and are not subjected to multiple credit checks by multiple banks which could result in damaging your credit score. 2. Experienced brokers already have the relationships established with mortgage lenders and will help you avoid any income or credit pitfalls. 3.The best mortgage brokers offer mortgage programs from lenders with lower wholesale rates compared to the limited higher priced products that the banks offer. 4. Loan rules and lending guidelines change frequently so borrowers need plenty of guidance. No need to fumble and stumble in the dark! 5. Mortgage brokers have a monetary incentive to provide you with the purchase or refinance loan option best suited for your particular needs, not the bank’s. An overworked bank employee has little or no incentive to offer advice on specific programs and often leaves the customer guessing which way to proceed! 6. Loan officers are licensed professionals who are required to completed continuing education every year to maintain their license to originate loans, unlike a bank employee. Loan officers understand the importance of offering their borrowers, the best loan to meet their needs, not what the banks want. For more information on how I can help YOU, give me a call today! ANTHONY BATTISTA (815)260-9728 [email protected] ILMORTGAGEPRO.COM
Posted on: Mon, 11 Nov 2013 20:03:23 +0000
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