PANTA FAMILY


Sunday, October 19, 2008

Three Common Misconceptions Of Mortgage Brokers

Some first time home buyers opt to obtain a loan directly through their local bank branch rather than employing a mortgage broker. The reason why this may occur is because there a few misconceptions associated with the mortgage broker profession. In reality, mortgage brokers and their respective brokerages have come along way from the days of selling loans simply for profit purposes. Listed below are three opposing thoughts on common mortgage broker misconceptions.

They just want to sell you a loan.
Fact is that once a mortgage broker is employed by you, he or she is simultaneously employed by your mortgage lender as well. Ultimately, however, a loan will not go through unless the future mortgagor, you, agree to the terms of the loan that your mortgage broker had set up for you with your new lender. This means that first and foremost you are their customer, not the lender’s. Additionally, mortgage broker fees are extremely competitive and they are aware of that fact. So much so that most brokers are willing to negotiate their fees with you which will, in turn, take your concern that they are just trying to make a buck out of the rest of the loan process equation.

They are old fashioned and only do business one way.
Some people picture a mortgage broker as a ‘business only’ profession. Meaning that customer service is not a high priority. On the contrary, mortgage brokers are constantly training on new and improved ways to satisfy their customers needs. Whether it is learning how to initiate a short sale on your behalf or taking seminars on what new programs lenders are able to offer you as a consumer, they are continuously finding new ways to keep their finger on the pulse of what prospective clients want and need.

They will quote you an interest rate just to get their foot in the door.
While it is true that the mortgage interest rate amount fluctuates daily it does not mean that the rate they may quote you today will be obsolete by tomorrow. Mortgage brokers are able to negotiate directly with lenders in order to lock your interest rate for a certain period of time in order to get your loan approved and closed in a timely manner. Please note that some lenders will require monies up-front in order to lock in a certain rate, however, the funds put in will be credited back to the customer at the time of closing.

Mortgage Brokers work for you and take pride in what they do. They want to know what new programs there are in order to stay up to date with our market needs as well as be able to provide you with superior customer service. Choosing a mortgage broker over a loan officer at your local bank branch has its advantages. When you decide a mortgage broker is right for you, you will get a highly skilled, well trained, and customer service oriented professional.

Labels:

9 Comments:

Anonymous Anonymous said...

: O So mush entropy: O ... Dude, that is the most great web page .
..: D

Feel free to visit my site :: profitable online business ideas 2013

May 19, 2013 at 3:19:00 AM PDT  
Anonymous Anonymous said...

म एडम्स KEVIN, Aiico बीमा plc को एक प्रतिनिधि, हामी भरोसा र एक ऋण बाहिर दिन मा व्यक्तिगत मतभेद आदर। हामी ऋण चासो दर को 2% प्रदान गर्नेछ। तपाईं यस व्यवसाय मा चासो हो भने अब आफ्नो ऋण कागजातहरू ठीक जारी हस्तांतरण ई-मेल (adams.credi@gmail.com) गरेर हामीलाई सम्पर्क। Plc.you पनि इमेल गरेर हामीलाई सम्पर्क गर्न सक्नुहुन्छ तपाईं aiico बीमा गर्न धेरै स्वागत छ भने व्यापार वा स्कूल स्थापित गर्न एक ऋण आवश्यकता हो (aiicco_insuranceplc@yahoo.com) हामी सन्तुलन स्थानान्तरण अनुरोध गर्न सक्छौं पहिलो हप्ता।

व्यक्तिगत व्यवसायका लागि ऋण चाहिन्छ? तपाईं आफ्नो इमेल संपर्क भने उपरोक्त तुरुन्तै आफ्नो ऋण स्थानान्तरण प्रक्रिया गर्न
ठीक।

March 21, 2015 at 4:41:00 PM PDT  
Blogger Unknown said...

jual apartemen gading serpong tangerang jual apartemen tangerang selatan jual apartemen jakarta barat jual apartemen jakarta pusat jual apartemen jakarta selatan jual apartemen jakarta timur jual apartemen jakarta utara jual rumah dki jakarta jual rumah jakarta barat jual rumah jakarta pusat jual rumah jakarta selatan jual rumah jakarta timur jual rumah jakarta utara jasa kontraktor waterproofing jual bahan bangunan jual baja ringan jual bata jual besi

January 2, 2016 at 8:32:00 PM PST  
Blogger Unknown said...

hugo boss sale
polo ralph lauren outlet
cheap oakley sunglasses
ralph lauren outlet
jordan 4
jordan shoes
armani exchange
ray ban sunglasses
snapbacks wholesale
ugg outlet

August 20, 2017 at 11:52:00 PM PDT  
Blogger bhoomi said...

I really like blogging. It's really quite interesting story about Forex . Great job! This one is an instant classic blog! Keep up the good work... Mcx Tips

June 26, 2018 at 4:05:00 AM PDT  
Blogger المتوكل على الله said...


شركة تنظيف مكيفات بالرياض
شركة تنظيف شقق بالرياض
شركة تنظيف مجالس بالرياض
شركة تنظيف مساجد بالرياض
شركة تنظيف موكيت بالرياض
شركة تنظيف واجهات زجاج بالرياض

November 15, 2019 at 2:56:00 PM PST  
Blogger The GRS Solution | Best Stock Trading Services Provider said...

The GRS Solution are providing accurate services for traders who wish to enjoy maximum returns and profit in Stock Market Tipsand share market.

November 25, 2019 at 11:08:00 PM PST  
Anonymous Anonymous said...

Pidilite M-Seal Fast Curing Epoxy Compound Putty Sealant Adhesive
For Leakage, Bonding, Gap Filling and Repairing (40 Grams) -
m seal for plastic - m seal for water leakage - m seal for metal -
m seal for water tank leakage - m seal waterproof -
seal, fill, join, repair

door bottom sealing strip
door bottom seal
vacuum sealer machine
bottom seal noise protector
soundproofing door bottom sealing
vacuum sealer
silicone door bottom seal
length door sealing adhesive tape flexible door bottom sealing strip mosquito
m seal
m seal price
m seal price in nepal
m seal uses
m seal setting time
m seal hsn code
m seal white
m seal phataphat
m seal art
m seal for metal
m seal alternative
m seal application

July 22, 2022 at 7:35:00 AM PDT  
Blogger ByteScribe said...

This comment has been removed by the author.

June 17, 2023 at 5:44:00 AM PDT  

Post a Comment

Subscribe to Post Comments [Atom]

<< Home