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A Mortgage Broker Defined
A Mortgage Broker is a real estate financing professional who, as their business, puts together a lender and a borrower. This is done after thoroughly reviewing the needs and capabilities of that borrower, the characteristics of the subject property and the various lending programs available from a wide range of lenders. This is done in compliance with and under the restrictions of all state and federal laws.
A Mortgage Broker's Benefit to the Public
The loan program, which best suits a particular borrower, is not always evident when that borrower makes loan application. Often a loan program which at first looks as if it's a good match may not be practical as the loan is processed and additional information about the borrower and/or property is received. Lender loan programs and the rates inherent in each program often change on a daily basis. Using a Mortgage Broker allows the consumer the opportunity to go to a different lender if the original program, or its rates and/or fees have changed, or it the circumstances of the borrower of property warrant changing. A Mortgage Broker represents their client by accessing a multitude of lenders. The Mortgage Broker may, therefore, offer their client greater flexibility through more varied programs than those which are offered through a single bank.
In Summary
In summary, the Mortgage Broker Industry has enjoyed remarkable evolution and growth in our state. As Mortgage Brokers, and as an association, we seek to do just one job and to do it well. We provide an outstanding service to the clients we serve, to our communities and to the lending/banking industry.
To begin the free pre-qualification process please call today
509 456-LEND(5363).
You may also download the form below and fax it to either office at
509-838-LEND or 509-590-1112.
One of our 2 loan specialist will contact you immediately.
Adam Bray cell 509-990-0896 Or Ian Schumacher Cell: 509.939.2680
Pre-Qualification Form
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