Coldwell Banker Access Realty BWK
Jacquie Wheeler, Coldwell Banker Access Realty BWKPhone: (912) 230-1294
Email: [email protected]

Should you hire a mortgage broker?

by Jacquie Wheeler 02/11/2024

Should you hire a mortgage broker featured image

Embarking on the homebuying journey takes much effort and research, as the market is constantly changing and purchasing a home is a huge financial commitment. This is why it pays to have real estate professionals such as an experienced mortgage broker on your side to aid you during the process. 

What is a mortgage broker?

A mortgage broker acts as a bridge for potential loan borrowers to compare different lenders to make an informed decision on where to find the best loan option for their home purchase. 

Using a mortgage broker helps borrowers compare interest rates, loan terms, benefits and more, saving homebuyers the time they would have spent comparing quotes on their own time. 

How do mortgage brokers get paid?

Mortgage brokers work to secure quality borrowers for financial institutions and are paid a percentage of the loan amount directly from the borrower or the lending company. 

The fixed percentage mortgage brokers are paid can’t be changed due to increased interest rates or the type of loan acquired. 

What is the benefit of a mortgage broker?

In addition to saving homebuyers time on searching for financing, mortgage brokers can also provide access to numerous lenders with the best deals available. A mortgage broker can also work directly with your lender to reduce or even waive mortgage fees once the loan is approved.

The homebuying journey is full of steps, paperwork and negotiations. Having a mortgage broker by your side can ease some of the burdens often associated with home financing, and can even save you money along the way.



About the Author
Author

Jacquie Wheeler

I am a REALTOR®️ working with current and future residents of the Golden Isles of Georgia who need information on buying or selling real estate in and around the Golden Isles, which includes Brunswick, St. Simons, Jekyll, and Sea Islands.

I am a licensed agent with Coldwell Banker Access Realty and love helping families find their dream home! Helping people makes me so proud and drives everything I do! If you’re looking for an agent to guide you through the Golden Isles, I’d love to work with you too!