Why You Should Use a Mortgage Broker Over a Single Lender

Obtaining a mortgage lets you achieve your dream of being a homeowner. Mortgages are also beneficial for property investors looking to acquire more homes. Needless to say, deciding to qualify for a mortgage is a major decision. 

Before beginning the pre-qualification and qualification processes, you have an important choice to make about how you obtain financing.

In this post, we’ll show you an in-depth look at why to use a mortgage broker over a lender.

1. Having Many More Lending Options

Life should be about having options. Unfortunately, that won’t be the case if you stick with a single lender. A sole lender might offer a few options, but these will be nothing vs. what mortgage brokers can offer.

Having access to as many lenders as possible can also mean receiving terms and rates much more favorable than those a single, local lender could offer.

For example, Lend 4 You has spent a lot of time and hard work maintaining connections with many financial lenders and investors. These connections help us match people from all walks of life to a lender or investor who’s ready to make an enticing offer.

2. A Potentially Higher Chance of Approval

Having many options is always a plus. Understandably, the bottom line for borrowers is finding someone willing to offer them mortgages. Dealing with a single lender’s overly strict requirements can feel like a punch in the stomach. By using a mortgage broker, you don’t have to meet such lofty requirements. 

A mortgage broker can also be extremely helpful for those with lower credit scores, a lack of credit history, or both. Mortgage brokers can often find lenders and programs that will treat you like the valued customer you are.

3. Receiving Valuable Help Along the Way

Unless you work in the mortgage industry, the steps required to obtain this type of funding can be confusing and often stressful. Fortunately, mortgage brokers can take the confusion and frustration out of getting a mortgage.

Besides finding offers and lenders with favorable terms to suit your needs, mortgage brokers are available to answer questions and provide explanations. At Lend 4 You, we completely understand the challenges and confusing elements of mortgages. However, our friendly team will make sure you never feel lost or confused during the mortgage qualification process.

4. Using a Mortgage Broker Saves A Lot of Time

At Lend 4 You, our incredible team works together and utilizes our connections to receive approvals for our customers. That’s because getting the best deal and terms on a mortgage takes a lot of time and effort. This work becomes even more time and effort-consuming if you’re unfamiliar with the mortgage process. 

Plus, using mortgage brokers saves additional time if you make application-related mistakes that result in the need to redo paperwork and resubmit it.

5. Getting Help Throughout the Mortgage Process

Most busy adults typically don’t want to get home from work and spend their free time learning about the steps required to obtain a mortgage. Using a mortgage broker such as Lend 4 You lets us do the work we love. 

This can include:

• Finding relevant mortgage offers
• Narrowing down available options
• Communicating with lenders and companies
• Pre-qualification paperwork
• Loan application help

6. Negotiating the Best Possible Offer

Understandably, many people find negotiations uncomfortable. There’s the fear of your offer getting rejected. It’s also human nature to worry about passing on a great offer from a lender. Using a mortgage broker means having professionals take over negotiations. 

Plus, these negotiations are with people mortgage brokers are familiar with. As a result, you could be more likely to get more favorable rates from mortgage brokers vs lenders.

7. Potentially Faster Approval Times

An understandable concern when deciding between mortgage brokers vs. lenders is time. You might fear that using a mortgage broker could lead to long wait times. Fortunately, that’s not at all the case. The team at Lend 4 You proudly offers lightning-fast service. We quickly access our vast network of lenders and investors to get you the best financing option ASAP.

As an example, Lend 4 You sometimes secures approvals within an hour!

8. Help With Potential Problems

As you know, life comes with surprises. Sometimes, these situations happen while you’re trying to get a mortgage. If a problem arises during the mortgage application process, a mortgage broker can assist with potentially resolving said issues. A single lender might not be so willing to help in that aspect.

9. Learning Throughout the Process

While we can’t speak for every mortgage broker, the professionals at Lend 4 You love having the chance to educate our customers along the way. If you’re using us as a mortgage broker, you’ll learn about each critical step in the mortgage application process.

As you continue the mortgage process, you’re likely to have questions. That’s why Lend 4 You is always only a phone call, office visit, or email away whenever you need us.

Start and Complete the Mortgage Process With Lend 4 You

Whether you’re a new or seasoned investor or home buyer, Lend 4 You is a mortgage broker offering plenty of loan-related options. This business was formed by Freddie Riego and his over 30 years of experience in the finance industry. Freddie also previously owned a direct lending business, which he passed down to his son.

Lend 4 You is always working to develop and maintain partnerships with a large network. This network is typically much larger than what a single lender could offer. When you use a mortgage broker like Lend 4 You, you’ll gain potential access to many investors and lenders.

When it comes to deciding between mortgage brokers vs. lenders, the choice is clear. Contact Lend 4 You to speak with one of our friendly and helpful mortgage experts. We also offer free online consultations. Whether you’re looking to finance a new home, investment property, or other exciting project, we have you covered.