08-May-2018

Benefits of Working With a Mortgage Broker

One of the benefits of working with an independent mortgage professional is having lots of great financing options!!!!  Rather than dealing with a single lender who has one set of products, brokers work with multiple lenders who offer a wide selection of mortgage financing options.  This comes in handy when your situation isn\'t \"normal\" or you don\'t quite fit the profile of a standard buyer. 
 
Here are some of the potential advantages of bringing a broker into your mortgage search.
  1. They\'ll do the rate shopping for you: This is unquestionably the biggest advantage of hiring a mortgage broker. Too many home buyers simply obtain one mortgage quote from a bank and accept it, even though you can apply for as many mortgage quotes as you would like without adversely affecting your credit. Even a small difference in mortgage rates can save you thousands in interest over the life of a mortgage, so it\'s certainly worth it to shop around.

    The problem with this, as anyone who has been through the process can tell you, is that mortgage applications can be long. Applying for five different mortgage pre-approvals can easily take the better part of an afternoon to do. With a mortgage broker, all of this legwork is done for you.

  2. More accessible than bank loan officers: Just like your real estate agent, the mortgage broker works for you and doesn\'t get paid unless you close your loan. For this reason, mortgage brokers tend to be more accessible to buyers than bank employees. So, when you have questions along the way, it\'s generally easier to get the answers you\'re looking for from a broker.

  3. Some lenders work exclusively with brokers: I mentioned already that some of the big banks don\'t work with brokers anymore. Conversely, there are some mortgage lenders that only work with brokers. So, your mortgage broker could have access to loan products that you don\'t.
  4. Could get lenders to waive some fees: Mortgage brokers can often get lenders to waive some of their fees, such as application, appraisal, and origination fees.


04-May-2018

Now Is The Time to Buy a Home!!!!!!!!

Click HOUSINGWIRE to read the article.  \\\"Americans are beginning to feel more confident in the housing market as an increased share says now is a good time to buy a home, according to the latest Fannie Mae Home Purchase Sentiment Index.\"


Hello everyone,

Thanks for stopping by.

Cove Capital Group is with you every step of the way. Getting a mortgage is easy; getting the right mortgage takes a trained professional who cares. We are not just your mortgage broker, we are your neighbor. This blog is to update you about what, when and how of this Industry. So, sit back enjoy the thorough research and most importantly addressing your genuine queries and concerns.
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