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Direct Mortgage Lender - Cost effective Advantage

Cost effective: There are various types of fees associated with mortgages, like application fees, origination fees, appraisal fees etc. Brokers can convince the lenders to waive some of these off and that can save you thousands of dollars.http://www.awmlending.com/

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Direct Mortgage Lender - Cost effective Advantage

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  1. All Western Mortgage Direct Mortgage Lender

  2. While shopping for mortgage, some borrowers enlist the services of a mortgage broker, whereas others go to a direct mortgage lender. There are both advantages and disadvantages of availing the services of a mortgage broker. Let us discuss them in detail.

  3. Advantages • 1) Less legwork: Brokers are in regular contact with various mortgage servicing companies. The alternative to hiring a broker is to indulge in your own research work and that will require some effort on your part.

  4. Advantages • 2) More Access: Some lenders exclusively work with the brokers and depend upon them for bringing quality clients to their doorstep. A broker can get you better access to good lenders.

  5. Advantages • 3) Cost effective: There are various types of fees associated with mortgages, like application fees, origination fees, appraisal fees etc. Brokers can convince the lenders to waive some of these off and that can save you thousands of dollars.

  6. Disadvantages • 1) Clash of interests: Your basic objective associated with a mortgage loan is to find the one that offers low interest rates and fees. Whereas, a broker often gets paid by the lender directly for bringing in business. Therefore, a broker’s goal, most of the times, is to maximize his compensation.

  7. Disadvantages 2) No guarantee of estimates: When brokers initially present you with a deal, the term “good faith estimate” is used a lot. This means that the estimates can change in the future depending upon your application and the wish of the lender, and you might end up paying more than you signed up for.

  8. Mortgage brokers might be able to get you the deal of your dreams, but it won’t hurt to shop around on your own for a while before knocking on their door. And if you come directly to All Western Mortgage, we will offer you better deals than any broker can get you. So, call us on 702-850-2790 or visit http://www.awmlending.com/ now for best mortgage deals.

  9. Final point All Western MortgageAddress:8345 W Sunset Rd, Suite 380Las Vegas, NV  89113Phone : 702-850-2790Corporate: 702-369-0905Fax: 702-906-0153 info@awmlending.comWebsite: http://www.awmlending.com/

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