The Many Benefits Of Working With A Mortgage Broker

From purchasing a home, to refinancing, there are many ways in which a mortgage can help you achieve your financial goals. But you have to be aware of all the tools at your disposal to be able to take advantage of them. This is where a mortgage broker can be a huge asset for you says Ram Anandappa, the Founder and CEO of LendEase Direct Mortgage Investment Corporation. Mortgage Alliance is the most recognized and trusted mortgage brokerage in

For one thing, mortgage brokers do not work for lenders. This guarantees you that you’ll receive unbiased advice and many different options from them for mortgage products that can help you meet your goals. Being able to shop around with a mortgage broker means better rates and could rack you up thousands in savings.

Going Beyond Good Rates

Working with a broker isn’t just about getting better rates though says Ram Anandappa. They’ll also help you navigate getting the best conditions for your mortgage. As a mortgage is a financial tool that you’re going to be using for some time, it’s important that the conditions involved are favorable for you.

For those with unconventional careers or circumstances like being self-employed or having flawed credit, this can be very appealing says Ram Anandappa. Brokers have access to private funds and institutions that can provide options that consumers wouldn’t have access to otherwise.

Trained Experts, With A License To Help

Before a mortgage broker can receive their license and begin practicing they are required to take specialized courses, pass difficult exams, complete training, and apprenticeships. Beyond this, as they work with a variety of institutions and funds, and support clients facing a variety of issues, they are able to help clients find solutions tailored to their needs.

All this said it’s still important to shop around for your broker. Find out how many years of experience they, the types of clients they serve, institutions they’ve worked with and also if they’ve won any awards. Doing due diligence will help you ensure that you’ve got the right broker on your side.

Be Proactive And Do Your Research

Being proactive and doing your research should mean more than just researching the best brokers Ram Anandappa advises. If you’re looking for a mortgage product it’s important that you’re also reading up on current rates, and what’s being offered by different financial institutions.

This way when you’re discussing options with your broker, or bank, you’ll already have a sense of the rates you can expect. You could start off by paying a visit to your current bank for a chat about your options from them. Also, a handy tool for helping you do your research is Rate Supermarket. Through this site you can compare rates from a wide range of lenders, including brokerages.

With A Broker Comes Much Flexibility

As competition has increased amongst brokers, these days you’ll find that you’re offered increasingly flexible options. From applying online or by phone, many brokerages allow you to secure your financing from the comfort of your home.

Ultimately though for a financial product to be ideal for you, it’s got to be tailored to your needs and preferences. So start early and shop around to give yourself the most time and options to find the best mortgage solution for you.

Mr. Ram Anandappa is the founder and Ceo of LendEase Direct Mortgage Investment Corporation and R&R Group of Companies, which consists of RE/Max Royal Properties, Mortgage Empire Inc., and R&R Developments.