There are four different types of mortgage companies; each type has its own benefits and drawbacks. You can either work with a bank or mortgage banker, or you can work with a broker, which is like a middle man between you and the banks or mortgage bankers. A broker acts as a third party that helps you find the best rates, but sometimes they make things harder than they need to be. A broker will charge you fees for their services, but these are usually much lower than what a bank would charge. Banks often charge more money and fees for their services because they are not allowed to have too many brokers. Banks also have a reputation for taking less risk, so if a broker does not get your loan, then the bank does not get any profit from you. They also have a better name with creditors, so working with them gives you some leverage when negotiating your mortgage loan rate. here is some useful reference
If you want to get your mortgage through a mortgage banker, you can get one that offers competitive rates that will give you a better value for your money. A mortgage banker is basically a lender that makes all of their loans through banks, so they have all the same risks. If you have bad credit, you should avoid a banker with poor credit. A mortgage banker will give you some advantages over other companies, but you should not take their word for it. You should shop around for quotes from different mortgage bankers and see how each compares to the other.
Finally, you can work with a broker to help you get your mortgage loan done. A broker charges you a fee for their service, but the fee is usually much less than what a bank would charge for a similar service. A broker will use their contacts and connections to find you the lowest rate on the mortgage you want. If you have good credit, this is a good option because you do not need to worry about paying high interest rates and can be sure you get the best price possible on the loan you are shopping for.
CONTACT INFO :
Company Name: The Equitable Mortgage Corporation
Street Address: 24301 Walden Center Dr., Unit 300
City: Bonita Springs
ZIP Code: 34134
Country: United States
Phone Number: 239-695-7796