Why should I work with a Mortgage Broker?
As a mortgage broker, Price Mortgage is not limited to a specific range of products we can offer you. Retail banks and mortgage lenders have a limited selection of products they offer consumers. As a broker we work with a network of over 30 different wholesale lenders to find the best loan package to fit your situation, ensuring that you get the best rate and pricing available.
With so many different loan options available, and each lender offering different products and rates - shopping for the best deal takes a LOT of time and effort. With a mortgage broker you only have to apply once, and we go and shop your loan and make our lender network compete for your business.
Choosing the wrong mortgage can have an impact in your life for years to come, potentially costing you thousands, or even tens of thousands of dollars, which is why it is best you work with a Mortgage Broker that has your best interest in mind.
Reasons Mortgage Brokers Are Better
- Up-to-date on all the mortgage rates, terms and program options available.
- We only specialize in mortgages and are knowledgeable on current trends.
- No lender fees, saving you on average of $1,500 at closing.
- We'll save you time and money by matching you with the right lender.
- We have vested interest in satisfying your needs since we rely on referrals.
- Access to over 30 different lenders, banks, investors and financial institutions.
- Fast credit and loan pre-approvals with no cost or obligations.
- We're experts at matching you with the best suited mortgage for your needs.
- Access rates through the wholesale channel with our investors.
- We work for YOU, not the bank.
How do we get better rates than banks?
As a mortgage broker we have access to wholesale interest rates that retail banks simply don't have access to because they are selling it on the retail level.
Since we have access to a vast network of wholesale lenders we are able to take your specific loan scenario and run it by each of our lending partners, essentially making them compete for your business. On top of already having access to lower rates than retail banks, we're also able to ensure you get the lowest possible wholesale rate as well.
Are we just as fast as banks?
As a buyer in todays competitive real estate market you need every advantage as you can while putting in an offer on your house. Before you even start shopping for a home we will make sure that you are pre-qualified. It's important as the lender to be as thorough as possible during the pre-qualification process for a number of reasons.
For one, it will let you know exactly how much house you can afford. Secondly, we will know what, if any barriers that we will need to cross together in order to ensure a smooth loan approval and a on-time or early closing.
Because of our in-depth pre-qualification process you can confidently submit an offer on your new home knowing that we will close on-time or early.