WHOLESALE MORTGAGE vs TRADITIONAL BANK MORTGAGE

At a bank or credit union your mortgage application will be handed off to different people multiple times during the process. This adds unnecessary time, cost, and complexity to your application. And there may be no way to directly contact the people working on your application. A bank will only be able to show you their own loan programs.

Wholesale loan originators work differently. When you apply, the loan originator will be the person who performs all tasks needed within the application to prepare the file for final submission/approval. The advantages are numerous, you speak directly with the person working your loan. Less people involved equals less cost, less downtime, and faster turn around times. A wholesale loan originator has a wider range of mortgage types available.

To learn more or to see if you qualify, contact us directly.

MAKE YOUR DREAM HOME COME TRUE

Nearly 80% of home buyers purchased their homes with a mortgage in 2023. Many people have a rough idea of what a mortgage is, a loan to purchase a home and that is correct. This is where most peoples understanding ends. Mortgages can be difficult to understand, especially for first time home buyers. Lenders and banks (yes, they are different) will often use industry terms like discount points, lender paid, escrow, buy-down, etc. This can be confusing and difficult to navigate. We have a solution. We help our buyers by making them savvy borrowers, a distinct advantage. We also provide in house financing through the wholesale market. Did you know wholesale lending is the lowest cost source of mortgage financing? Yes, even if you are a “preferred client” at a bank or credit union.