Broker vs. Banker - Summary
Advantages of working with a mortgage broker/mortgage loan officer instead of a loan officer at a bank:
1. Independence: Mortgage brokers work with multiple lenders and offer more variety in loan options to clients.
2. Flexibility: Brokers do not have to adhere to the same strict guidelines as bank loan officers and can offer more creative solutions to clients and work around their unique situations.
3. Lower overhead: Mortgage brokers typically have lower overhead costs than banks and do not have to deal with large building or office costs. This means our lower costs can be passed on to you in the form of LOWER RATES which translate to LOWER MONTHLY MORTGAGE PAYMENTS in comparison to a bank.
4. No pressure: Loan officers at banks are often pressured to meet quotas, whereas mortgage brokers work independent of corporate imposed quotas, which means they can focus more on providing excellent service.
