If you are looking to buy or refinance a home you will need the services of a Mortgage Lender or Mortgage Broker. The difference between a Mortgage Lender and Mortgage Broker is that a lender is usually limited to offering just their own loan products and loan programs whereas a Mortgage Broker is partnered with various lending institutions and is able to offer more niche loan programs, rates, and products to their clients. A Mortgage Broker can find the lowest interest rates available in their large pool of Lending Partners. A Mortgage Bank/Lender can only offer the rates that their lending institution is currently offering. Because of their large portfolio of programs Mortgage Brokers are often able to get mortgage loans approved that a bank or particular lender has denied.
Your Mortgage Broker can help you determine whether a VA Loan, USDA Loan, 3% down Conventional Loan, FHA Loan,FHA 203K Loan, 1% down Conventional Loan is best for you. Contact us to find out how low of an interest rate we can get you qualified for. Mortgage brokers comply with every federal law and regulation affecting the mortgage loan origination industry. They are governed by a host of regulations and federal laws. Mortgage Brokers additionally comply with a host of state regulations and laws that lenders and bankers are mostly exempt from. This provides protection to borrowers who are looking for a mortgage.
Our team of local Maryland Mortgage Brokers works for you. Although a bank representative will also work with you trying to get you approved for one of their programs. Your Mortgage Broker will work for you to match you with the best loan program available for you among their large portfolio of lenders. As your Mortgage Broker, we will work with you directly, handle all the required paperwork, prepare and submit your loan for approval with the Underwriter, work with you in every step of the loan process, work with you up to and through your settlement date.
Your Mortgage Broker is readily available for you whereas with a Mortgage Bank/Lender you may spend a lot of your time just waiting on hold for them. Your Mortgage Broker is able to offer you a more personalized level of service. Your Mortgage Broker gets paid by the Lenders that they represent. Are you thinking about buying a home? Reach out to us we would love to help you find a great low-interest rate loan program to finance your home purchase.
Our team of local Maryland Mortgage Brokers can help you get pre- approved for a mortgage to buy a home and also set you up with our team of Realtors that can send you a daily email of homes for sale that fit your search criteria in the area you want to buy in. View these homes until you find the home you want to go see. Call us at 443-605-5977 or fill in the form on the right for a Free Consultation.
Buy a New Home in Maryland
1920 Greenspring Dr
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2- Connect with a Loan Officer.
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3- Find out your financing options.
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