Wholesale Mortgage Agent
As an independent wholesale agent for the largest lenders in the country, I have access to conventional, FHA, jumbo and reverse mortgages that are often thousands of dollars cheaper than major banks - and I provide concierge service throughout the process.
Contact me for a quote and learn how you can keep more money in your pocket now and save in the long run!
Big banks are the 'retail' side of the lending industry. These companies rely on their ubiquity to capture your trust, but they often have high overhead, limited flexibility in their terms and pricing, and run like a bureaucracy. They may not be the best when it comes to rate, fees and service.
The independent broker, on the other hand, is the 'wholesale' side of the mortgage business. We have greater flexibility in our pricing because we have the ability to shop your loan with multiple lenders and we independently control our commission structure. Brokers sell the same financial products, but we operate autonomously; in fact, the name brand mortgage companies you see advertised regularly on TV and radio are often the same lenders with which we have relationships - and a better price!
Closing Cost Credits
Big banks play by different rules than the independent broker and are not required to disclose to their borrowers how much money they make on each loan. Brokers, however, are legally required to disclose our commissions and have the ability to rebate any excess toward buyer closing costs. This means that brokers can offer the same rate while eliminating 3rd party costs that banks often won't. A low rate with a big credit for closing costs from a broker is a better deal!
Getting the best mortgage is a combination of the rate, the fees, and the service. Give me a call and I'll help you purchase or refinance your property with transparency and superior service!
Retail Banks vs Wholesale Brokers