If you are in the market for a new home, or looking to refinance your existing mortgage, then you will want to consider the option of hiring a mortgage broker rather than an individual lender or lending institution. With times being as tough as they are for so many people, and the instability of the financial markets, shopping around for the best deal in a mortgage is of vital importance. A mortgage broker is a one-stop mortgage option that can save you time, and most importantly, money. Here are just a few reasons you should consider a mortgage broker. Who Are Mortgage Brokers? Mortgage brokers are financial professionals who are paid a commission to match lenders and borrowers. They usually work with dozens of lenders as freelance agents and can match you with a lender than offers the best mortgage for your financial situation and personal needs. They are qualified to evaluate your credit situation, offer you a variety of loans from different lenders, and can submit the home buyer’s application to one or more lenders. A good mortgage broker is able to find a lender to suit a buyer with just about any credit rating. Why A Broker Can […]
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