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Save your time
and money
A mortgage broker can shop the banks for you saving you time and money. A
broker has many banks to choose from so you get the best rate!
Determine
how much you can afford
You may prefer to meet with the mortgage company before house
hunting to determine in advance how much you can afford and the mortgage
amount for which you can qualify. This step is called pre-qualification
and can save you time and trouble by making certain you are looking in
the correct price range.
Get the best rate
Mortgage brokers work with wholesale rates rather than retail rates.
They can often provide rates lower than what you may get quoted by a
bank which uses retail rates.
Get multiple offers
A mortgage broker has the ability to have your
loan approved and submitted to many different lenders. If a particular lender
should cause a delay or refuse the loan the mortgage broker can have another
lender begin to underwrite the loan. This will insure there are no timely or
costly delays in your loan process!
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