If you are in the market for a new home, or are looking to refinance your mortgage, there are an ever increasing number of lending options that exist for you as a homeowner. Here are some of the potential lenders you can choose from to get your mortgage, as well as some of the pros and cons for each choice. Mortgage Brokers A huge number of real estate loans are made through mortgage brokers, and as they are essentially a middle-person between you and a lender, choosing a broker can save you time in shopping around for the best fit. Be sure to ask about the variety of products offered by a specific broker, as they will vary and are dependent on the broker’s number of working relationships. Banks Commercial banks offer a wide variety of financial services, and mortgages are definitely one such option. Banks can usually offer competitive rates and are a safe mortgage option for most potential homeowners, but their choices are usually limited. If you already have an existing relationship with the bank you choose to deal with, you may qualify for certain discounts or incentives. Savings & Loan Associations Savings and Loan Associates do most […]
Read More