Everyone wants the lowest possible mortgage rate to save money. But, what can you do to get the best rate?
Use a Mortgage Broker
A mortgage broker acts as an intermediary between you and the lending institution. A broker’s principal job is to find a bank or a direct lender for your home loan.
A mortgage broker works for you, not for a single lending institution with mortgage products offered only by their company. Mortgage brokers scour hundreds of lending sources to find the best possible mortgage product for you.
Additionally, a mortgage broker may charge less for the same service as a retail lender, since they do not have the high overhead costs. But most of all, a mortgage broker is the person watching out for your best interests, and working to get the best possible loan at the best rate.
At Marimark Mortgage, our service is not just about finding a lender and filling out paperwork. Our job is to get to know you and your needs, discover what can be done to get the best mortgage rate, then work to get the best possible mortgage and the best possible rate for your individual purposes.
Decisions Borrowers Must Make
The process of applying, qualifying, and closing a mortgage is complex. There are numerous rules and legalities involved, making it impractical for the general public to know and understand all the pitfalls that could cost thousands of dollars every year resulting from uninformed decision making.
Here are just a few of the important decisions we help our clients make, which can either save or cost them money every month on their mortgage:
- What is the borrower’s credit score? Can practical changes be made to improve the credit score and thereby lower the monthly mortgage payment?
- What type of mortgage is best? What are the pros and cons of each, based on specific circumstances and future plans?
- What mortgage term is best?
- Under what conditions could the borrower qualify for a mortgage with a lower rate and/or lower costs?
A mortgage broker can help you save thousands every year by making informed decisions. And better yet, it typically doesn’t cost any more to use a mortgage broker compared to a retail lender.
One of the best things about our job as a mortgage broker is providing value-added services that typically cost clients no more than going direct to a retail lender.
We have the great pleasure of seeing clients succeed and achieve their goals, knowing we’ve helped them make informed decisions that will save them money every month for years to come.
When you’re ready to start the process of buying a home or refinancing your existing mortgage, we would appreciate the opportunity to help you reach your goals. Your success is our success.