What a Mortgage Broker Does

Finding the right type of financing for your home can seem daunting given the wealth of choices available. 

-Loans for first-time buyers or veterans

-Loans offered through banks, mortgage lenders, or FHA

-30-year fixed or 15-year fixed

-Fixed versus fixed jumbo

-5/1 ARM or 7/1 ARM

Buying a home is an immense financial commitment, one of the biggest you will ever make. So, of course, you want to secure the right loan for your circumstances at the best interest rate.

Money saved financing your house means more money can be dedicated to decorating and furnishing it – into making it your home. 

That’s where mortgage brokers come into play. Mortgage brokers help you navigate the complex world of financing your home, from gathering documents, verifying income, and pulling credit history to coordinating with the lender’s underwriting department, the closing agent, and the real estate agent.  Essentially, they act as a middleman between you and potential lenders and ensure the entire transaction runs smoothly. 

The three main roles of a mortgage broker are: 

  1. Applying for different loans, capitalizing on their vast lender connections;

  2. Shopping for competitive mortgage rates that best fit your needs; and

  3. Negotiating loan terms.

Mortgage brokers are licensed and regulated financial professionals, and the advantages of working with them are many.

At Aksarben Mortgage, we can save you extensive legwork and thus a great deal of time. We have a deep well of industry knowledge and connections that can result in lower interest rates and more loan options, especially if you have a new credit history or have a specific need, like a lower down payment. We can also anticipate potential problems and work to avoid them so you can close faster. 

So while you are shopping around for your new home, shop around for a mortgage broker as well. Ask friends and family for referrals. Your real estate agent is a good source as well. Finding a good match will pay off in time, hassle and money saved.

Get your FREE quote today, and see how Aksarben Mortgage can help you Experience Your Good Life! 

 


* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.