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Why Use a Wisconsin and
Illinois Mortgage Broker
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In the past 20 years, independent
Wisconsin mortgage brokers
and Illinois
mortgage brokers have had a significant
positive impact on the lending industry. Today the use of a
professional mortgage broker is one of the key strategies used by
sophisticated Borrowers. |
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What is a Mortgage Broker? A
mortgage broker is an independent real
estate financing professional who specializes in the origination of
residential mortgage loans. Mortgage
brokers normally pass the actual funding and servicing of loans on to
"Wholesale Lending Sources." A mortgage broker is also an independent
contractor working with (on average) as many as 40 lenders at any one
time. By combining professional expertise with direct access to
hundreds of loan products, your broker provides the most efficient way
to obtain financing tailored to your specific financial goals.
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What Do Mortgage Brokers do? In the
volatile home-lending market,
Mortgage Brokers can
serve as "police," offering their clients security, safety, and peace
of mind. One of the Broker's most important functions is escorting
your loan application through the entire process, constantly
patrolling the component transactions for possible breakdowns. A
professional Wisconsin
Illinois
mortgage broker can wade through the mountains of rate data and
program options, researching current market conditions to find the
most accurate and up-to-date information about cost-effective loan
options. |
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Brokers handle the Details! There are literally
thousands of variables that can affect the outcome of your mortgage
transaction. That's why you need a mortgage broker to act as liaison
between the title and escrow company, real estate agent, lender,
appraiser, credit agency, the underwriters, the processors, attorneys,
and any other services which may effect your transaction. A mortgage
broker also:
- Discusses and explains financing program options
- Informs you of lock-in options
- Explains all documents of the loan application
- Explains all associated costs of the loan application
- Explains the disbursement of all loan applications
- Explains the loan process, from application to closing
- Provides you with a good faith estimate of cost and fees
- Communicates with you throughout the loan process in a timely
manner
- Coordinates the final closing of your transaction
Brokers and loan officers are your resource for
questions or concerns after your transaction closes.
All
Wisconsin and Illinois Mortgage Programs
100% Financing (No Money Down) Programs
First Time Home Buyer Mortgage Programs
My Community Mortgage
Government Loans including
FHA, VA
and
Rural Housing
Wisconsin Refinance Illinois Refinance Programs
Current Wisconsin and Illinois Mortgage Rates
About Ameristar
Mortgage
Apply or
Pre-qualify Online
Contact
Ameristar Mortgage |
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