The Mortgage Broker Advantage
With all of the changes in the mortgage world lately, it is no secret that financing has become increasingly difficult to obtain. They have not only tightened up lending guidelines, but most lenders are being very conservative with their approvals. We are seeing far less exceptions being made on deals and increased requirements from borrowers. Whether or not you agree with the changes, everyone can agree that obtaining a mortgage is a far more complex process now than in the past.
In these times, Mortgage Brokers are finding that they have a major advantage over bank reps simply by their diversity. Every lender has their own set of guidelines and no two lenders are exactly alike. Files can be declined based on one simple area of an application that does not fit that particular lender’s guidelines. It does not necessarily mean that the borrower is not qualified for a mortgage, it simply means that they do not fit that lender’s guidelines. When you use a Mortgage Broker, you not only have an advocate negotiating with the bank on your behalf, you have access to numerous other lenders should they decline you. We have an in depth knowledge of what the lenders are looking for and will place you with the right fit. If you are declined, you will not have to go through the application process again and we will not need to pull your credit again. We simply submit your application to another lender and continue to negotiate on your behalf until you are approved or every resource has been exasperated.
Contact me for more details on the advantages of using a Mortgage Broker.
www.christinebuemann.com
With all of the changes in the mortgage world lately, it is no secret that financing has become increasingly difficult to obtain. They have not only tightened up lending guidelines, but most lenders are being very conservative with their approvals. We are seeing far less exceptions being made on deals and increased requirements from borrowers. Whether or not you agree with the changes, everyone can agree that obtaining a mortgage is a far more complex process now than in the past.
In these times, Mortgage Brokers are finding that they have a major advantage over bank reps simply by their diversity. Every lender has their own set of guidelines and no two lenders are exactly alike. Files can be declined based on one simple area of an application that does not fit that particular lender’s guidelines. It does not necessarily mean that the borrower is not qualified for a mortgage, it simply means that they do not fit that lender’s guidelines. When you use a Mortgage Broker, you not only have an advocate negotiating with the bank on your behalf, you have access to numerous other lenders should they decline you. We have an in depth knowledge of what the lenders are looking for and will place you with the right fit. If you are declined, you will not have to go through the application process again and we will not need to pull your credit again. We simply submit your application to another lender and continue to negotiate on your behalf until you are approved or every resource has been exasperated.
Contact me for more details on the advantages of using a Mortgage Broker.
www.christinebuemann.com
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