Tips for Choosing the Right Mortgage Professional
A lot of people turn to their local bank for a home loan, rather than an independent mortgage professional. What you might not know is that an independent mortgage professional is often the better choice and they are able to offer you more loan options than a bank.
What differentiates independent mortgage professionals from a bank?
Independent Mortgage Professionals like Us at Stonecastle
- Licensed mortgage expert- consistently undergoes continuous training
- Specializes in mortgages only
- Partners with several lenders to offer multiple loan products, allowing you to choose the best option
- Adapts to industry changes quickly
- Not required to be licensed and are not held to the same standards and regulations as brokers in terms of testing and ongoing training
- Offer many other loan products (auto, boat, etc.), so mortgages are not their main focus
- Only able to offer limited loan products they have in-house-may not be the best fit for your needs
- Offer higher rates
- Slower to adapt to change due to large organizational operations