Unless you have enough money to pay cash for your dream home, you will be working with a mortgage lender. While hiring a capable mortgage broker can make the whole process of buying a house smooth deal, they can also help you with finding the best interest rates and best prices.
Difference Between Mortgage Lenders and Mortgage Brokers
The moment you choose the house that you want to buy, we, being the best mortgage lender in Dallas, Texas, will join the process by helping you with the funding issues to purchase the house and ensuring that you pay back the money you borrowed on time. The Mortgage lenders have an important role as a qualification checker as they verify the credit histories before issuing a mortgage. The borrowers can prevent themselves from taking a risky loan with the help of best mortgage lenders that aid the easy and valid documentations.
The mortgage brokers will be providing you with different financial products such as home loans, mortgage refinancing, equity loans, etc. They can help save your time and money, as they have close relationships with the best mortgage lenders who understand the buyer needs and provide assistance accordingly. The mortgage lenders arrange the loans, counsel the borrowers about different types of funding processes, litigate his application and work on selecting the suitable mortgage lender.
The mortgage lenders come as a savior for the people who set their eyes on a property but can’t afford to pay for it right away. These mortgage lenders put up their cash to fund the purchasing of the house at that time, while the borrower can pay that amount back in set tenure for the repayment. Both mortgage brokers and mortgage lenders have a vital role to play when it comes to buying your dream house with the best terms and provide a swift home buying process.
We are one of the best and most trusted mortgage lenders in Dallas, Texas providing the top notch mortgage lending services with 100% customer satisfaction and best mortgage rates.
Mortgage planning is the process of evaluating your mortgage options in the context of your overall financial objectives. Your mortgage is most likely your single largest debt, and your home is most likely your single largest asset. The strategy you use today carries financial consequences that can impact your life for years to come. As a Certified Mortgage Planning Specialist (CMPS®), my mission is to help you improve your life by the proper use and consideration of various mortgage options. Here’s how:
Our initial conversation will focus on these questions:
- What are your housing objectives and why?
- What does your current cash flow situation look like?
- What large expenses should we take into account as we help you develop a budget for the future (college funding, retirement planning, elder care needs, etc.)?
- What can I do to help?
Step #2: Analyze & Evaluate Your Options
The next phase of our relationship will focus on:
- What are your housing, debt planning, and cash flow options?
- What, if any, mortgage products and strategies would be useful to you?
- What is the likely short and long-term impact of these mortgage options on your overall financial situation?
Step #3: Develop & Implement Your Personal Mortgage Plan
Once we’ve discussed your options, and how these various options may impact your overall housing and financial situation, it’s up to you to decide on which plan of action works best for you. I’ll be here to answer any questions and be a resource to you in any way I can. I’ll also coordinate the whole process with you and other professionals such as CPAs, CFP® professionals, attorneys, Realtors, builders, insurance professionals and other qualified advisers.
Step #4: Monitor Your Mortgage Plan Through an Annual Mortgage and Housing Review
Mortgage planning is a life-long process because your financial situation is likely to change from time to time. As your mortgage planner, it’s my role to help you monitor these changes as needed and through an annual conversation. Most often, this process involves periodic assessment of:
- Your fluctuating cash flow needs
- Changing interest rates and housing market conditions
- Family changes and life events including job changes, college funding, retirement planning and elder-care needs
Here’s how mortgage planning is different than the traditional “shopping for a mortgage” experience:
“Mortgage Planning” with a Certified Mortgage Planning Specialist (CMPS®)
- 5 – Star Experience
- Focus on Which Mortgage Options Fit into Your Life, and Why
- Consider the Mortgage Transaction in the Context of Your Overall Financial Situation & Objectives
- Customized Options for Your Scenario
- Mortgage Salesperson Who Puts His/Her Relationship With You Ahead of the Transaction
“Shopping for a Mortgage” with any of the 500,000 + Mortgage Salespeople in the US
- Overwhelming and/or Confusing Process
- Focus on Whether You Fit into the Mortgage Lender’s Box and How
- Consider the Mortgage Transaction “In a Vacuum”
- One Size Fits All
- Mortgage Salesperson Who Put the Transaction Ahead of His/Her Relationship With You