Lender411.com Articles Loan Programs

Link to this page Print RSS  

Banks vs Brokers

In today's loan market it is easier then ever to compare loans by price. The Good Faith Estimate and clearly distinguish who is charging what and what your total loan costs are. Going beyond upfront costs there are some differences when deciding whether to go with a Mortgage Broker or your traditional bank.

Banks

• Select Choice of Loan Products
• Mostly Conforming and A paper loans only
• Higher overhead = Higher Costs
• No Borrower Rebates
• Loan Officers with limited credentials

Mortgage Brokers

• Multiple Lenders
• Many Loan Products
• All papers and credit types
• FHA, VA and other special loan programs
• Lower overhead = Lower costs
• Borrower Rebates "Pick your Rate Option"
• Continuing Education requirements

If you are a Homeowner or Home Buyer, please contact Allied Financial Network for a no obligation loan proposal.

Adam Levine

Allied Financial Network

818-510-3700

adam.levine@afnlosangeles.com

Link to this page Print RSS