Friday, April 28th 2017

Question

Why use a mortgage broker?

Interesting Question?   (4)   (11)



Answers (2)

4th Dec 2009 by JonB

A mortgage broker has access to dozens, if not hundreds, or different financial companies. A loan officer usually only has access to one. Mortgage Brokers also get paid strictly off of commission so they will do anything to get the deal done for you. Which can also be bad thing if you aren't careful who you hire. A mortgage broker is typically used by people who aren't perfect borrowers. They may have bad credit, or little money to put down. A mortgage broker can put you in touch with a lender that may have less restrictive requirements when it comes to your particular circumstances.

Like This Answer?   (0)   (0)
This answer is the subjective opinion of the writer and not of FinancialAdvisory.com
4th Dec 2009 by JonB

A mortgage broker has access to dozens, if not hundreds, or different financial companies. A loan officer usually only has access to one. Mortgage Brokers also get paid strictly off of commission so they will do anything to get the deal done for you. Which can also be bad thing if you aren't careful who you hire. A mortgage broker is typically used by people who aren't perfect borrowers. They may have bad credit, or little money to put down. A mortgage broker can put you in touch with a lender that may have less restrictive requirements when it comes to your particular circumstances.

Like This Answer?   (0)   (0)
This answer is the subjective opinion of the writer and not of FinancialAdvisory.com



3rd Nov 2009 In Mortgage 2 Answers | 3269 Views
Subjects: mortgage insurance,

Answer This Question / Give Your Opinion
Why use a mortgage broker?


Answer: *

What country is this answer relevent to? *
Your Name: *

Enter Verification Number: *


Give Your Opinion
What are the different types of Citizens Bank home loans?
Share a simple answer to help inform others:
Specific to any country?
First name / Alias

• Your answer will be posted here:
What are the different types of Citizens Bank home loans?
Unanswered Questions in Mortgage
What is a morgage broker?
What is a Mortgage Amortization?
What is a Mortgage Calculator?
what are closing costs when buying a home?
What mortgage can i afford?

Answered Questions in Mortgage
What are the different type of morgages available?
What is a Second Mortgage?
Whats a mortgage?
What is a morgage company?
What are morgage companies?
Ask A Question
Get opinions on what you want to know:
Specific to any country?