All Western Mortgage - Advantages of Direct Mortgage Lender

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All Western Mortgage

• Direct Mortgage Lender

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While shopping for mortgage, some borrowers
enlist the services of a mortgage broker, whereas
others go to a direct mortgage lender. There are
both advantages and disadvantages of availing the
services of a mortgage broker. Let us discuss
them in detail.
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Advantages

• 1) Less legwork Brokers are in regular contact
  with various mortgage servicing companies. The
  alternative to hiring a broker is to indulge in
  your own research work and that will require some
  effort on your part.

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Advantages

• 2) More Access Some lenders exclusively work
  with the brokers and depend upon them for
  bringing quality clients to their doorstep. A
  broker can get you better access to good lenders.

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Advantages

• 3) Cost effective There are various types of
  fees associated with mortgages, like application
  fees, origination fees, appraisal fees etc.
  Brokers can convince the lenders to waive some of
  these off and that can save you thousands of
  dollars.

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Disadvantages

• 1) Clash of interests Your basic objective
  associated with a mortgage loan is to find the
  one that offers low interest rates and fees.
  Whereas, a broker often gets paid by the lender
  directly for bringing in business. Therefore, a
  brokers goal, most of the times, is to maximize
  his compensation.

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Disadvantages

• 2) No guarantee of estimates When brokers
  initially present you with a deal, the term good
  faith estimate is used a lot. This means that
  the estimates can change in the future depending
  upon your application and the wish of the lender,
  and you might end up paying more than you signed
  up for.

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• Mortgage brokers might be able to get you the
  deal of your dreams, but it wont hurt to shop
  around on your own for a while before knocking on
  their door. And if you come directly to All
  Western Mortgage, we will offer you better deals
  than any broker can get you. So, call us on
  702-850-2790 or visit http//www.awmlending.com/
  now for best mortgage deals.

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Final point

• All Western MortgageAddress8345 W Sunset Rd,
  Suite 380Las Vegas, NV  89113Phone
  702-850-2790Corporate 702-369-0905Fax
  702-906-0153 info_at_awmlending.comWebsite
  http//www.awmlending.com/