This is a common question for the aspiring
home buyer, and one with a fairly straightforward answer. Essentially, a lender
lends the money. A broker cannot do that. A lender works for a lending
institution (bank) and actually issues the loan to consumers. An Arizona mortgage broker, on the other
hand, finds a lender and puts them in
touch with the buyer and vice versa. Essentially, the Arizona mortgage broker is the go-between for the bank and the
buyer. A broker is not committed to any one lender, and often works for several
different institutions. Arizona Mortgage Brokers Have a Goal to Help You
You may be skeptical that an Arizona
mortgage broker works for a certain lending institution. You want to make
sure that YOU get the best rate, and you don’t want to be cheated in the
process. This can happen if you don’t know what and who you are dealing with.
Do a little research on the mortgage lending process and become familiar with
typical interest rates of the time so you don’t end up with a sky-high interest
rate and a payment you can’t afford.
Arizona
mortgage brokers are on your side. Most don’t work for
one specific lending institution and are willing to compare and contrast
several bank rates to bring you the best deal. Others do work for one specific
institution, but still their goal is the same. Brokers are working for you, and
you need to be sure that they do just that.
If you need help finding an Arizona mortgage broker,
do some research online, ask friends and family, and do some shopping. Don’t
settle with the first person that says they can get the job done…get what you
want out of this deal. If you’re interested in more information on this
subject, Setabay Home Mortgage in Phoenix Arizona can answer your questions and concerns and help you out.
Give us a call today.
Dennis Dahlberg
Broker/RI/CEO/MLO
Setabay Home Mortgage
Tel: (623) 582-4444 | Fax: (888) 279-6917
NMLS 1057378 | AZMB 0923961 | MLO 1057378
23335 N 18th Drive Suite 120
Phoenix AZ 85027
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