If you have been mortgage shopping lately, you know how confusing it can be. Should you consider a 30-year mortgage or a 15-year mortgage? Fixed or adjustable? What if you are having trouble qualifying altogether? You’re not alone.
Chances are that you have come away from the experience overwhelmed and unsure about what to do next. H.O.M.E. Lending offers lending solutions that Banks cannot
A One-Stop Mortgage Resource
H.O.M.E. Lending is a qualified mortgage broker who can work as an intermediary for you and can help you understand what your alternatives are considering your financial history and immediate needs. Because a broker is a one-stop resource offering many different types of loan products, he or she has the ability to educate and direct you to a mortgage that is best for you in a stress-free way.
If you aren’t familiar with a mortgage broker, here are some advantages that you may want to consider.
Before you begin the mortgage application process, having H.O.M.E. Lending complete a pre-qualification lets you understand where your strengths and weaknesses are. A good broker can then make suggestions, based on your pre-qualification, of the loan types you may want to concentrate on in order to have the greatest approval success. And if you are home-shopping, it tells you and the seller exactly how much you can afford to buy. This will avoid the need to shop with multiple lenders to find the best rate and will not require your credit to be ran multiple times
Your mortgage is a big investment and you owe it to yourself to have as much information as possible about loan products and how they may affect you and your finances. H.O.M.E. Lending can explain the pros and cons of each type of mortgage as they apply to you and your future goals. We have a pool of lenders that we work with to offer you a multiple of loan products instead of just 1 or 2 options.
Understanding your financial portrait, a mortgage broker can then do a comparison for you so you can make the best possible choice for your mortgage financing.
Mortgage Brokers Do Not Work for the Bank
This is an important distinction. When you approach a bank for a mortgage, that loan officer is beholden to the institution. Not so with a mortgage broker. A mortgage broker’s first priority is to the borrower.
Consequently, your broker will be more flexible and often work harder to make your mortgage approval a reality. The broker only gets paid when you have closed on the mortgage. He or she won’t waste valuable time trying to fit your square peg into a round hole.
If you are looking for a mortgage in the Central Valley or surrounding communities, give us a call at (209) 477-0262. We offer expert loan advice, a wide array of loan products and would be glad to answer any questions for you so you can take advantage of today’s Great rates.