You live in Albuquerque New Mexico or surrounding areas and you are considering going to your bank or credit union, using an online lender, or hiring a mortgage broker when you're ready to refinance or purchase a new mortgage. What are the advantages of hiring a mortgage broker?
Firstly, mortgage brokers are professionals who help people obtain loans to purchase residential properties. In many cases, mortgage brokers can help you get a loan with better terms and interest rates than you could obtain on your own.
It is essential to remember that a mortgage broker always works on behalf of the borrower—unlike loan officers and processors at banks or other lending institutions, who work for the lender. Alternatively, Brokers are problem-solvers, and they're always looking out for consumers, while lenders' representatives are constantly focused on the lender's interests! If anything goes wrong, it's the borrower who must deal with it; our duty is to assist the borrower in any difficulties they may have.
Here are some other benefits of using a mortgage broker in New Mexico:
A mortgage broker can help you navigate the complex world of home lending. There are many different types of loans available, and a broker can help you choose the one that best suits your needs.
A mortgage broker can often obtain better loan terms than you could on your own. Because brokers work with multiple lenders, they may be able to get you a lower interest rate or other favorable terms.
A mortgage broker can save you time. Applying for a loan can be a lengthy and complicated process. A mortgage broker can handle much of the paperwork and legwork involved in securing a loan, freeing up your time to focus on other matters.
Avance Group; Your Local Mortgage Broker
If you're thinking about purchasing a home in New Mexico, Avance Group is a local mortgage broker that can help you with your home purchase, refinance, new construction, renovation, and more! Call us today at 817.524.6655 to get started!