7 Reasons to Use a Licensed Mortgage Professional

7 Reasons to Use a Licensed Mortgage Professional

For many people, mortgage payments are their single largest monthly expenditure. Yet, in these choppy economic waters of a waning recession - when financing a home, most American's don't really do extensive comparison shopping to Ensure they are getting The Best Mortgage Rate and Terms available! 

Yes, Most use the internet, check out a couple flashy website's and current rate sheets that day, but they simply do not have the Time, Expertise to Shop the Loan Properly. This mistake can cost homeowners tens of thousands of dollars over the course of their mortgage term. 

A Licensed Mortgage Pro Does the loan shopping For YOU and it's Free - Costs Nothing upfront for the Assistance of that Expertise and Knowledge.  Consider this;  Your Impersonal Bank's Loan Officer is an Unlicensed Employee of  the bank, who's only Selling The Bank's 1 or 2 Loan Programs!!  No State Chartered License Required for them at all.  You Need a PRO and not some Employee working For the Bank!

Here are seven ways mortgage brokers can help when you're ready to buy or refi;

• Access to competitive Wholesale Rates -

Brokers deal with multiple Wholesale Lending Sources or Banks and can often access exclusive wholesale rates. They often also have the power to negotiate rate discounts from lenders, which can then be passed on to their clients - Saving them Money!


Another Great Reason to choose A Licensed Mortgage Broker is that it allows the consumer to Tap Into

• The Power of Choice - Using the Broker's Vast Network of Lending Sources, and it's Rates and Mortgage Programs.  Providing a Much Broader Scope of Choices for the Home Buyer or Home Owner. Choices helpt You and the Broker, to make the Right Fit of Perfect Loan Match for Your Needs and Goals.  

• Knowledgeable & Licensed (rigorous testing) Expertise;

A Banks L.O. or Loan Officer is Not Even Required to be Licensed.  Many folks do not know this, but it is a Fact!  Mortgage Brokers on the other hand have to be licensed in each State they do business. Also, continuing Education is part of that requirement.  Along with the new National Mortgage Loan System Registry or (N.M.L.S.) which requires; Back-Ground Checks, and other Criteria for Inclusion. They offer Mortgage Planning, Consultative services, Advice and SOLUTIONS tailored to each clients specific needs, goals, time-line and criteria. And unlike banks, brokers work For YOU.  Not the Banks best interests, But YOURS.

• Speed and convenience, for faster closings

Licensed Reputable Mortgage Broker's will work in concert with their clients, on Their Schedules, which often include Weekends, Evenings and the occasional Holiday.  Making the process as seamless and smooth as possible.

• Free Pre-qualification

Whether you are shopping for a new property or refinancing your existing mortgage, a licensed professional mortgage broker can help you obtain a pre-approved mortgage, often with up to a 120-day interest rate guarantee.

• Preserved credit rating

When you shop for a mortgage, there is an accumulation of lender inquiries on your credit bureau report, possibly affecting your credit rating and, ultimately, the rate and terms of your mortgage. This isnâ??t the case with a mortgage broker, who only does one inquiry yet can still get many competing lenders to quote on your business.

• Peace of Mind

The National Association of Mortgage Professionals (NAMP) and the newly created National Mortgage Licensing Registry have Strict Codes both Academically and Ethically that members are required to adhere to in order to retain licensure and membership.

Please Consider the Services of an Experienced, Licensed and Professional Mortgage Broker with Pinnacle Mortgage Group of Anaheim Hills, CA.   We are Advocates who fight hard to get each client the Best Loan they Qualify for. 

Talk with a Mortgage Planner today at;  (800) 564-1500 or logon to;  www.LowMortgageRatesOnline.com