Charlotte NC, Mortgage Lender
Advantages of working with a Charlotte Mortgage Lender
Before you begin the process of applying for a mortgage, you may want to learn a little more about the different ways of finding a home loan. While some borrowers opt to work with the lenders at their bank or get financing through large mortgage companies, many other borrowers choose to work with mortgage lenders, instead.
What’s the difference between a Charlotte mortgage lender and a Charlotte mortgage lender?
A mortgage lender is a financial institution (usually a bank or mortgage company) that issues home loans to qualified borrowers. A mortgage lender is a licensed professional who acts as an intermediary between the borrower and the lender. Working with a mortgage lender is not a requirement; many people choose to work directly with the lender that is providing the loan. However, there are specific benefits to working with a mortgage lender.
What value do Charlotte mortgage lenders bring to the table?
Put simply, the biggest advantage of working with a mortgage lender is having access to more options
Charlotte Mortgage lenders focus on what’s best for YOU.
Working with a mortgage lender can provide you with faster access to a wider variety of home loan options, because they partner with several wholesale mortgage lenders. And since they have these partnerships with multiple wholesale lenders, they can focus on finding the best product for your needs, rather than trying to sell specific loans from a single company.
Charlotte Mortgage lenders can help find solutions to challenging situations.
Working with a mortgage lender is similar to shopping online vs in person. When you shop in person, your choices of what to buy are limited to the inventory of each shop you visit. That means if you’re in need of something unique, it can take a lot of time to find what you’re looking for. However, when you shop online, you can simply type in whatever it is you want to buy, and your search engine will provide you with multiple options across numerous web retailers. This can help you uncover hard-to-find products in a much shorter period of time. This is similar to what mortgage lenders can do for hopeful home buyers who may have unusual or difficult circumstances.
How do Charlotte mortgage lenders help you find the right home loan?
When you work with a mortgage lender, your loan choices will typically be limited to their product offerings. By contrast, if you were working with a mortgage lender, he or she could help you find the loan that best fits your needs from one of the several wholesale mortgage companies with whom they’re partnered. Likewise, if you’re not quite sure what type of loan would be best for your situation, a good mortgage lender can look at your financial qualifications, discuss your homeownership goals and make recommendations based on a wider representation of what is available in today’s marketplace.
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Senior Loan Officer
EDGEWATER Residential Capital