Mortgages Loans in Goose Creek and Summerville SC are easier with Homefront Mortgages

Why use a Mortgage Broker?

There are many options for home loans in Goose Creek and Summerville, SC.  However, the choices can be very confusing.  This confussion can be remedied by consulting a Full Service Mortgage Broker such as Homefront Mortgages.  Lenders tend to have products that are designed to make the lender the most money from a borrower.  Often there are hidden fees and penalties that are particular to a specfic type of loan.  Homefront Mortgages will help you shop with multiple lenders to find the best product for you.

Why Use a Broker?

Independent mortgage brokers have had a significant positive impact on the lending industry. Because we have access to many different banks and lending institutions, you get the benefit of "shopping" for the best rate while working with just one professional. Today, the use of a professional mortgage broker is one of the key strategies used by sophisticated borrowers.

What is a Mortgage Broker?

A mortgage broker is an independent real-estate financing professional who specializes in the origination of residential and commercial mortgage loans. Mortgage brokers normally pass the actual funding and servicing of loans on to wholesale lending sources. A mortgage broker is also an independent contractor working with (on average) as many as 40 lenders at any one time. By combining professional expertise with direct access to hundreds of loan products, your broker provides the most efficient way to obtain financing tailored to your specific financial goals.

What Do Mortgage Brokers Do?

In the volatile home-lending market, mortgage brokers can serve as safeguards, offering their clients security, safety, and peace of mind. One of the broker's most important functions is escorting your loan application through the entire process, constantly patrolling the component transactions for possible breakdowns. A professional mortgage broker can wade through the mountains of rate data and program options, researching current market conditions to find the most accurate and up-to-date information about cost-effective loan options.

Brokers Handle the Details!

There are literally thousands of variables that can affect the outcome of your mortgage transaction. That's why you need a mortgage broker to act as a liaison between the title and escrow company, real estate agent, lender, appraiser, credit agency, the underwriters, the processors, attorneys, and any other services which may affect your transaction.

A mortgage broker also:

Discusses and explains financing program options
Informs you, in writing, of lock-in options
Explains all documents of the loan application
Explains all associated costs of the loan application
Explains the disbursement of all loan applications
Explains the loan process, from application to closing
Provides you with a good faith estimate of cost and fees
Communicates with you throughout the loan process in a timely manner
Coordinates the final closing of your transaction

Contact Homefront Mortgages today to get help finding the best home loan that fits your needs.