Lenders, being in control of the loan, can bring results in a shorter amount of time with a lower cost and interest rate than that of brokers. Since a lender handles the loan application entirely, the borrower has more confidentiality with a lender.
When it comes to ARMs there's a basic rule to remember...the longer you ask the lender to charge you a specific rate, the more expensive the loan.
Adjustable Rate Mortgages (ARM)
September 9, 2015
Mortgage lenders have control over a variety of aspects in the loan process. They lock the loan term and rate, verify the loan information, and draw t...
What do Mortgage Lenders do?
August 8, 1998
A credit score measures a consumer's credit risk relative to the rest of the U.S. population, based on the individual's credit usage history. The cred...