Now is a good time to consider buying a home. Interest rates have hit record lows in recent months, making mortgage costs incredibly attractive.

With all the information available to seasoned and first-time home buyers, it seems like almost every mortgage broker Seattle will give you an excellent interest rate, making it virtually impossible to secure a bad deal on a home loan at this point. 

Popular thinking would have you believe that you could just reach into a hat, pick the name of any bank or lender, and end up with a great deal.

Taking advantage of the skills and experience of a qualified independent mortgage broker Seattle can be one of the best resources you can use during the home buying process. And the great mortgage brokers won’t cost you money, they’ll save you money!

1. Mortgage brokers offer access to most options

It can be tempting to limit your search options to well-known lenders, such as the bank you deal with regularly. But in today’s highly competitive climate, there is no reason to do that.

With the tools and relationships at their disposal, mortgage brokers are positioned to expand their search options. They have the ability to quickly analyze hundreds of home loan options from dozens of different lenders.

This access means you can get the benefit of browsing hundreds of opportunities from so many sources without doing the additional fieldwork yourself.

2. Mortgage brokers can help you speed up the process

Consider mortgage brokers your keys to the fast track. Today’s real estate markets are relatively flat, with large numbers of buyers clamoring for few homes on the market in recent months.

They are well prepared to handle this situation due to their excellent working relationships and established reputation. Generally, working with a mortgage broker will cut a few days off the application process compared to trying to do things on your own.

3. Mortgage brokers are very experienced

They work with mortgage and investment loans all day, every day, so they know them thoroughly. You can expect a typical mortgage broker to help hundreds of clients obtain loans each year, so they know what they are doing and how to find the best deal for you.

Knowing what to look for, mortgage brokers can quickly begin to understand your unique situation and help you find the right home loan for your circumstances. By working with a mortgage broker, you have the advantage of accessing t

4. Working with a mortgage broker is easy

You already have enough to do throughout the home buying process. A mortgage broker will help you get the home loan search process out of your hands. As certified and independent professionals, they will ensure that the application process runs smoothly.

They will do much of the tedious and difficult groundwork for you. With that settled, you can quickly determine what options are available to you and select the best mortgage rate for you and your unique set of circumstances.

5. Mortgage brokers can be great teachers 

Of course, a good mortgage broker will walk you through what needs to be done to get the best loan, but a great mortgage broker will take you under their wing throughout the entire process. They will gladly teach him what to expect every step of the way and explain the financing process in terms he can understand. They will help you learn to identify marketing trends and also explain the legal transfer of ownership process. 

6. Mortgage brokers can help you sort things out 

There are many opinions regarding home loans; they all seem to have a unique perspective and limited experience. You can also research your information or save time, effort, and headaches by having a mortgage broker separate fact from fiction and make sense of what you need to know to get the best mortgage for you.

They can help you understand terms like compensation or overdraft that can be used during the home loan application process.