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What does a mortgage broker do?
A mortgage broker, also called a mortgage financial advisor, is a professional in real estate financing and general financing concepts who will find the right lender for your mortgage or home equity loan. They work closely with several lenders, like mortgage companies, banks, credit unions, and so on.
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Why mortgage brokers and not the banks?
The main difference between banks and mortgage brokers is that banks can only sell their own products, while mortgage brokers can offer more than one mortgage option. Independent mortgage brokers are licensed mortgage experts who have access to mortgage rates from many different lenders.
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Can a mortgage broker help you with bad credit?
Of course . we have a panel of lenders who can assist even if you have bad credit history. We helped a lot of clients to get through their finances with similar circumstances.
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How long does the mortgage home loan take?
As each requirement is different, the time required can change. The length of time it takes to get a home loan depends on the type and terms of the loan you want, the documents you need to provide to your lender, and how long it takes you to get those documents to your lender.