What is a Mortgage Broker?

Hi there, Teresa Tims, President of TDR Mortgage in Upland, California, and the TheSoCalLoanPro.com. Today, I want to share with you the benefits of working with a mortgage broker. This knowledge could save you thousands of dollars.

You know, a lot of people just don’t understand what a mortgage broker does, or how we operate. They also don’t know that mortgage brokers have the absolute lowest rates. Lower than your bank, lower than your credit union, and certainly lower than your direct lender.

Basically, a mortgage broker is an independent person that has to maintain high levels of credentials, licensing, and adhere to very, very strict disclosure laws. I maintain approvals with all the big banks, and some smaller lenders you may have never heard of. They are companies that I’m approved with to originate home loans.

Now, think about it, if I was a big bank, or direct lender I would have to maintain a big, impressive office space, have lots of people working for me, and my overhead would be ginormous. However, I maintain a small, professional, independent shop in charming downtown Upland. I have a small staff, small overhead, that allows me to pass along huge savings to the consumer.

I go directly through a wholesale channel, and receive wholesale interest rates. As a loan originator. I choose to be a mortgage broker. Because I can find the exact perfect loan for my client at any given time. If I worked for one company, I may only have one company’s rates and programs. Being that I can go to any company out there that I choose to have a relationship with. I can give my clients the best of both worlds. Exceptional service from me. The lowest interest rates available on the market, and the flexibility to assist you with the best possible loan at any given time.

As a loan originator, I choose to be a mortgage broker, because I can find the exact perfect loan for my client at any given time. If I worked for one company, I may only have one company’s interest rates, or worse yet, one company’s programs. Being that I can go to any company out there, that I choose to have a relationship with, I can give my clients the best of both worlds; exceptional service, the lowest rates available on the market, and the flexibility to assist you with the best possible loan at any given time.

Now you pick up that phone, and you call Teresa Tims The So Cal Loan Pro at 909-920-3500.