When it comes to getting a mortgage, many homebuyers are unsure whether they should work with a lender directly or go through a mortgage broker. While both options have their pros and cons, working with a mortgage broker can offer several benefits that make it a great choice for many homebuyers.

1. Access to a wider range of lenders: One of the biggest benefits of working with a mortgage broker is that they have access to a wide range of lenders, which means they can find you the best mortgage rates and terms. Mortgage brokers work with several lenders and have a better understanding of the market. This allows them to find the best options for you, based on your credit score, income, and other factors.
2. Save time: The process of getting a mortgage can be time-consuming, especially if you’re trying to shop around for the best rates and terms. A mortgage broker can save you time by doing the legwork for you. They’ll gather the necessary information, compare rates, and help you find the best lender for your needs.
3. No cost to the borrower: Another benefit of working with a mortgage broker is that they are usually paid by the lender, which means there’s no cost to the borrower. This is unlike working with a bank, where you’ll typically have to pay an origination fee.
4. Expert advice: Mortgage brokers are experts in the field and can provide you with valuable advice throughout the homebuying process. They can help you understand the different types of mortgages

Work with Modern Lending

If you are looking into buying a home but don’t know where to start, look no further than Modern Lending! We have a team of professionals loan officers who are all extremely knowledgeable in their field and can help you secure the best line of credit possible. Reach out to us today for more information on how to get started! Verify my mortgage eligibility

Mike Fensterer | Sr. Loan Consultant NMLS 1666142

Contact via email @ mike.fensterer@modernteam.com