Question:

Why find a local mortgage broker?

Answer:

Finding a local mortgage broker may get you the desired house much faster and more effectively than shopping on your own. Mortgage brokers have access to hundreds of loans and are able to match you as a borrower with the best possible offer in your case, after examining your financial information and credit history.

A mortgage broker will submit the borrower's file to several lenders and provide the quotes to the borrower.

When choosing a local mortgage broker, make sure they agree to act as UMBs - upfront mortgage brokers. This way you will be sure that you will be passed wholesale rates.

A good mortgage broker will be able to get you any type of credit. Before accepting the terms offered by the mortgage broker, make sure you get several quotes. Also, a local mortgage broker may have a website and even if they are locally operating, they could get you a loan from a lender in the other part of the country.

Mortgage rates hit their lowest since 1955. Ask the home loan experts we recommend Quicken Loans how to take advantage of them.
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