In this competitive housing market with fewer homes for sale, fluctuating rates and higher home prices, you may think sending your buyers to a big bank or online mega retail lender for their mortgage is the fastest and easiest option. But in reality, an independent mortgage broker is by far the best choice.
Independent mortgage brokers are expert entrepreneurs rooted in the local community who can offer guidance to real estate agents and their buyers throughout the entire home-buying process. In a recent study conducted by United Wholesale Mortgage, 90% of real estate agents who worked with an independent mortgage broker would recommend one to their buyers in the future. Find out why so many agents are now partnering with a local mortgage broker instead of a big bank or mega retail lender.
For anyone actively working in the mortgage industry, it’s no secret that reverse mortgages have taken a brutal hit in the last two years. The U.S. Department of Housing and Urban Development issued major program changes at the end of 2017 that effectively limited the amount of proceeds and the number of people who could qualify for the loan. The result had lenders across the space enduring sizable volume drops and subsequent gashes to their bottom lines.