Mortgage Brokers represent their clients in getting the best home loans for them.
By: Phoenix Lee/
Mortgage brokers are real estate financing professionals who, as their business, puts together lenders and borrowers. 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 a loan application. Often a loan program, which at first looks as if it is 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.
Having mortgage brokers represent consumers allow them the opportunity to go to different lenders if the original program, or its rates and/or fees have changed, or if the circumstances of the property borrower warrant changing.
Mortgage Brokers represent 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.
Who are Mortgage Brokers
Finding a mortgage loan for your home can be confusing experience. With so many options to choose from, it can be difficult to find your way. That is why a Mortgage Broker is your number one source for a loan.
Mortgage brokers represent their clients by guiding them through the lending process, provide them with any help they need, and try to simplify the process.
You will get the service and selection you want from a Mortgage Broker.
- Full-time residential real estate professionals.
- Experts at working through the mortgage lending process to save you time.
- Your representative to many lenders.
- Providers of loans that comply with industry standards and requirements.
- Specialists with competitive up-to-date loan rates.
- Resources of knowledge on current trends and terms in the industry.
Why Choose a Mortgage Broker?
Mortgage Brokers provide the consumers with choice, convenience and expertise.
The consumer receives an expert mentor through the complex mortgage lending process. The Mortgage Broker offers the consumer extensive choices and access to affordable home loans while balancing the consumer’s financial interests and goals.
The mortgage broker will select the best lender from their many sources to provide you with a loan that meets your individual needs. They have extensive knowledge of the many loan programs available and will take the time to fit your needs to the best loan.
The truth is, there is a best home loan for everyone and you need to find it.
Because interest rates change daily, the mortgage broker can obtain a locked rate to insure that the rate being offered is available to you at the closing. They are motivated professionals to keep the processing time to a minimum, so you are satisfied with our timely performance.
Why use a Mortgage Broker?
Because using a Mortgage Broker can make a difference in the interest you pay, the points you are assessed, how difficult it is for you to qualify for a loan, the length of time it takes for your loan approval, and even whether or not you can get a loan.
If you had to do it yourself, where would you start? How many mortgage sources are you familiar with? How many of the hundreds of loan variations do you fully understand? Your mortgage broker can guide you through this potentially disastrous maze, and lead you to a lender and the loan that best fits your specific requirements.
Without the mortgage broker – it is the other way around – you are minutely scrutinized by the lender to see if you fit their profile.
There are, in fact, money sources who may only provide funding through Mortgage Brokers. Market conditions often dictate how “choosey” most lenders will be, what percentage of total income the lender will allow a mortgage to be, how large a down payment is required, how perfect your credit rating must be, and other such factors.
Finding a mortgage loan for your home can be a confusing experience. With so many options to choose from, it can be difficult to find your way. That is why a Mortgage Broker is your number one source for a loan. A Mortgage Broker will guide you through the lending process, provide you with any help you need, and try to simplify the process.
How to Secure a Home Loan Quickly
Mortgage brokers represent you and will ensure you of funds availability for purchase, the mortgage consultants at iCompareLoan can set you up on a path that can get you a home loan in a quick and seamless manner.
Our consultants have close links with the best lenders in town and can help you compare Singapore home loans and settle for a package that best suits your home or commercial purchase needs. Find out money saving tips here.
Whether you are looking for a new home loan or to refinance your existing one, the Mortgage broker can help you get everything right from calculating mortgage repayment, comparing interest rates all through to securing the best home loans in Singapore. And the good thing is that all our services are free of charge. So it’s all worth it to secure a loan through us.
For advice on a new home loan.
For refinancing advice.