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Many mortgage bankers are so committed to loan
brokers that they do not offer their loans directly to the public.
Instead, mortgage brokers are their sole source of loans.
You may be missing an opportunity to meet your
needs if you cut out this important step!
Mark Goldman searches a wide variety of correspondent
lenders to place your loan. He can match lenders to borrowers based
on income documentation, credit, debt to income ratios, property
type, loan to value and other factors. He keeps up to date on
program changes and availability.
Your mortgage broker does the shopping!
Shopping for a home loan can be time consuming,
complicated and frustrating. Mark Goldman does the shopping for
you by tracking a number of lenders and loan programs on a daily
basis.
One call to one person is all it takes!
The interest rates on loans are very competitive
because all lenders are competing for the loans based on price and
service. Mortgage brokers can deliver very competitive rates from
a wide variety of lender sources. Mark Goldman works with "wholesale"
lenders who reduce pricing to brokers.
These savings may be passed along to you!
By utilizing a loan broker, the borrower makes
one loan application that can be submitted to many lenders.
- If one lender enters the market with a new program
or better
interest rates and terms, your application can be used.
- If a lender changes a loan program, Mark Goldman
can
submit your application to an alternative lender with a comparable
program.
- A broker can withdraw a loan package from one lender
and take it elsewhere for approval, without the time and expense
of starting all over with a new loan application at a different
lender.
- “Direct Lenders” may not have this option. It is
better to start with a professional broker who can finish
the job.
Mark Goldman will work hard to find the lender
and loan program to meet your specific needs.
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