Generally, there are two ways to get a mortgage in Florida. You can use a traditional lender, like a bank or a mortgage broker. Navigating the mortgage process is complex and you probably have many questions if this is your first time. Here are my top three reasons you should consider a mortgage broker.
- Mortgage Brokers Will Save You Money
There are many fees associated with obtaining a mortgage, ranging from application fees to appraisal fees. Often brokers can help by reducing or sometimes even eliminating some of these fees. West Palm Beach Mortgage Brokers are generally able to offer their services for no cost because we only get paid once your mortgage loan is approved and becomes official. When this happens, it is the lenders duty to compensate brokers.
- Stay in Control of your Time
A West Palm Beach Mortgage Broker does all the leg work for you. We shop for the best rates and work to find the best mortgage product for you. Brokers can save you a considerable amount of your own personal time during the mortgage process. Once we sit down together and draw out a plan of your goals and wishes, our team will suggest the best mortgage products based on your individual financial situation.
- Mortgage Brokers can be Credit Flexible
Most people think to qualify for a mortgage loan they need a well-established credit score. The mortgage brokers on our team can help you get a loan even if your credit score isn’t great. A great or good credit score makes it easier to get approved, however, it certainly isn’t required.
Ideal Lending Solutions has locations across the great state of Florida to assist you.