AMH Capital, Inc.
                                     Mortgage Specialists 
 

Why Use a Broker

When you're looking to get a mortgage loan, you may work with a loan officer or you may choose to work with a mortgage broker. People often confuse the two job types even though both will glean the same results: a new home. However, it is important to understand the difference between the two types of jobs so you know what to expect from them during the mortgage application process. 

A mortgage broker is an individual or firm that acts as an independent agent for both the borrower and the lender of a mortgage loan.  Mortgage brokers are the correspondant between you and the lending institution, which can be a bank, trust company, credit union, mortgage corporation, finance company or even an individual private investor.   A mortgage broker will analyze your financial situation to determine which lender is the best fit for your loan needs.   He or she will submit your mortgage application to one or more lenders in order to sell it, and works with the chosen lender until the loan closes.   He or she receives a fee from the borrower if the loan closes and works with multiple lenders to find the best loan and interest rate. 

A loan officer is a representative of a lending institution, such as a bank, who works to sell and process mortgages and other loans originated by their employer which is often a bank.   Loan officers can be paid a commission or salary for their services and may not have the best interest rate since their only source of lending is the employer they work for.

 

Loans will be made or arranged pursuant to DRE California  DRE 01481934 NMLS272185

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