Advantages of Using a Mortgage Broker Over a Direct Lender

Many times, potential borrowers wonder whether a broker or direct lender is the best choice while shopping for a mortgage. Here are some advantages of using First Indiana Mortgage:

• Because we have low overhead, we can offer lower rates that direct lenders.
• We receive a fixed compensation amount for each transaction, based upon a percentage of the loan amount, regardless of the rates that borrowers choose.
• We are required to undergo strict licensing and testing procedures.
• We have long-held partnerships with the lenders that we work with, and have good relationships with underwriters.
• We are responsive to your calls.
• We review the information borrowers supply, and oftentimes, we can resolve potential documentation issues before information is submitted to an underwriter.
• We realize that we are in a customer service oriented profession, and are committed to providing prompt, professional service.

Visit us at www.firstindianamortgage.com for a free rate quote, or to obtain additional information about our company and the services that we provide.

Many times, potential borrowers wonder whether a broker or direct lender is the best choice while shopping for a mortgage. Here are some advantages of using First Indiana Mortgage: Because we have low overhead, we can offer lower rates that direct lenders. We receive a fixed compensation amount for each transaction, based upon a percentage […]