The largest purchase most people will make is a home. Don’t forget to consider your options when renewing your mortgage.
These are five questions that home owners should ask and answer before renewing.
A mortgage is a powerful financial tool. It’s not surprising that Americans are asking smart questions about their mortgages.
A Beverly Hills Mortgage Broker has access mortgages from many lenders, so clients get the best rates and options. Your broker can help you design the perfect mortgage by partnering with over 50 lenders , including credit unions, banks, trusts, and non-traditional lenders.
INDEPENDENCE and OBJECTIVITY
The broker works for you and not for one lender. This kind of objectivity makes you, the client, the focal point. They are the mortgage for the client and not the other direction.
NEGOTIATION POWER.
Because lenders are competing for their business, a Beverly Hills Mortgage Broker has the ability to negotiate. The best rate will be offered to you.
ACCESS TO RATE OFFERS.
Despite the fact that you may not be aware of it, there are also sales and promotions in mortgage industry. For example, lenders often offer special rates promotions. These special rates may be available to you by your mortgage broker.
EXPERTISE.
A AMP-designated broker can be a financial specialist. This is the type of expertise that will guide you through today’s lending market.
There are many mortgages available today, including re-advanceable loans (mortgage with a line credit), no income documentation products, credit repair, and debt consolidation solutions. Your independent Beverly Hills Mortgage Broker will be able to help you find them all.
FOCUSED SPECIALIST.
A mortgage is an important financial transaction. A Beverly Hills Mortgage Broker certified is only in one business and does it exceptionally well. You want someone who is focused on your needs and the mortgage market.
RATE
A lower rate could save you hundreds of dollars. This is why homeowners are more likely than ever to contact a mortgage broker to discuss their options for their first-home loan or renewal. Your broker will usually be able to guarantee an interest rate for between 90 and 120 days if you call early.
A ONE-CREDIT INQUIRY.
Rate-shopping can be dangerous to your credit. Credit bureaus are notified every time a lender checks credit.
If you have too many inquiries, your credit rating could be affected. This could affect your mortgage rate and terms. No matter how many lenders you are looking at, your certified broker will only make one inquiry.
There is NO CHARGE (O.A.C).
The winning lender will pay compensation to your mortgage broker as a result of the service or solution provided.
PERSONAL ATTENTION
A Beverly Hills Mortgage Broker that keeps in touch throughout your mortgage years is essential.
Remember that they rely on referrals from customers who are satisfied. Your positive experience with a loan is crucial for their continued business growth. Your mortgage decision is important and can be a powerful financial tool.