Finding the best real estate loan or mortgage
Why Use a Broker?
Independent mortgage brokers have had a substantial positive impact helping people find the best mortgages. Today, the use of a professional mortgage broker is one of the key strategies used by sophisticated borrowers.
What is a Mortgage Broker?
A mortgage broker is an independent real-estate financing professional who specializes in the origination of residential mortgage loans. A mortgage broker is also an independent contractor working with (on average) as many as 40 lenders at any one time.
Using professional expertise combined with direct access to hundreds of mortgage loans, your mortgage broker provides the most proficient way to obtain financing personalized to your specific financial objectives.
What Do Mortgage Brokers Do?
Mortgage brokers can serve as safeguards, offering their clients security, safety, and peace of mind. One of the broker's most important functions is managing your loan application through the entire process, constantly watching the component transactions for possible breakdowns. A professional mortgage broker can examine data and program options, researching current market conditions to find the most accurate and up-to-date information about the best cost-effective loan options for their client.
Independent mortgage brokers server their client throughout the mortgage transaction
There are literally 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 associated costs of the loan application
• Explains the disbursement 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
Housing Sacramento works with local independent mortgage brokers. Express Real Estate Loan works with the finest mortgage brokers, loan offers and support staff to make you loan process go as smooth as possible.
Our Secure web site is the best way to apply for a mortgage using independent mortgage brokers.