Ever wonder why you should talk to a Mortgage planner about your financing? Well, you’re in luck, because below is a 10-reason summary of all you need to know.
- Choice. With partnerships in a vast network of over 50 lending institutions, including most of the major banks, credit unions, trusts, national and regional lenders and non-traditional lenders, a mortgage planner can help design the perfect mortgage for you.
- Independence and Objectivity. A mortgage planner works for you, not for any one lender. That kind of objectivity means that you – the client – are his focus.
- Negotiating Power. Mortgage planners have negotiating power because the lenders compete for their business. You’ll get the best rate for your situation.
- Access to Rate Promotions. You may not realize it, but there are sales and promotions in the mortgage world too. Lenders often offer special rate promotions, for example. Mortgage Planners will know about these special offers, and whether they might work in your situation.
- Expertise. An AMP-designated mortgage broker is a financial specialist. That’s the kind of expertise you want to guide you through today’s plentiful mortgage market. Today, there are mortgages for almost any situation, and mortgage planners know them all.
- A Focused Specialist. A mortgage is a very significant financial event. What you want is: someone who’s focused on the mortgage marketplace and your needs.
- Rates. Getting a lower rate can potentially save you thousands of dollars. Call early -mortgage planners can usually guarantee an interest rate for 90-120 days.
- One Credit Inquiry. Rate-shopping on your own can actually be hazardous to your credit. Every time a lender checks your credit, the credit bureaus take notice. Too many inquiries and your credit rating can weaken, possibly affecting the rate and terms of your mortgage. Your broker does one inquiry only, regardless of how many lenders you’re looking at.
- No Cost to You (o.a.c). As a rule, the winning lender pays compensation to your broker for the services and solution provided.
- Personal Attention. You need a mortgage plan that is a custom fit for you, and a broker who keeps in touch with you during your mortgage years. Keep in mind that a broker’s business is built primarily through referrals from satisfied customers, so your positive mortgage experience is essential for their ongoing business growth.
Your mortgage is a big decision and a powerful financial tool. For your next mortgage, contact Jen Mikla, AMP who is trained and ready to help you achieve your financial and homeownership goals.
This article was provided by Jen Mikla, AMP, www.mortgagewithjen.com
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