Several months ago, after working for a retail mortgage bank for more than 15 years, I made a change from retail mortgage and became a mortgage broker. This move has been incredibly positive for my clients and for me. The following are some of the advantages I have found in using a mortgage broker, rather than a retail mortgage company, for your mortgage needs. 1. Access to a Diverse Range of Lenders and Products Mortgage brokers act as intermediaries between borrowers and multiple lending … [Read more...] about Why Choosing a Mortgage Broker Can Save You Time and Money
Morgan Hagaman
Key Points to Consider for Those Seeking a Mortgage This Year
Securing a mortgage can be one of the most significant financial decisions you make, and navigating the process in today’s market requires careful planning and informed decision-making. Whether you’re a first-time homebuyer or looking to refinance, understanding current trends, preparing your finances and exploring new mortgage options can help set you up for success. From keeping an eye on interest rates to leveraging technology, these seven key points provide critical considerations to help … [Read more...] about Key Points to Consider for Those Seeking a Mortgage This Year
The Three Cs of Mortgages: Credit, Capacity, Collateral
When applying for a mortgage, lenders evaluate three critical factors known as the three Cs: Credit, Capacity and Collateral. These elements play a pivotal role in determining your mortgage terms, including the interest rate. A strong standing in each of these areas not only increases your chances of approval but can also significantly lower your interest rate. Even a 1% reduction in interest can enhance your borrowing power by 10%. Here’s a closer look at how each of these factors … [Read more...] about The Three Cs of Mortgages: Credit, Capacity, Collateral
