What is a mortgage broker

By Jason Ruedy

Looking for a mortgage broker in Denver or Colorado, or even Pennsylvania? If you're thinking of buying a home in the near future, the chances are very good that you'll need to qualify for and obtain a mortgage. Generally, you have two basic options -- deal with banks and other lenders directly, or hire a mortgage broker to do the hard work for you.

What is a mortgage broker?
A mortgage broker acts as a middleman between a homebuyer and mortgage lenders. The mortgage broker will assess the borrower's finances, find appropriate mortgage products, apply for pre-approvals, gather necessary documentation, complete applications, and advise clients on the right mortgage products for them.

The Advantages
Here are some of the potential advantages of working with a mortgage broker to help you obtain financing for your real estate purchase.

They'll do the rate shopping for you and get you the best deal: This is undoubtedly the biggest advantage of hiring a mortgage broker. Too many homebuyers simply obtain one mortgage quote from a bank and accept it, even though you can apply for as many mortgage quotes as you'd like without adversely affecting your credit. A small difference in mortgage rates can save you thousands of dollars in interest over the life of a mortgage, so it's worth it to shop around.

The obvious problem with this is that mortgage applications can be long and tedious to complete. Applying for five different mortgage pre-approvals can easily take the better part of an entire day to do. With a mortgage broker, all of this work is done for you.

Mortgage brokers are more accessible than bank loan officers: Just like your real estate agent, the mortgage broker works for you and doesn't get paid unless you close your loan. For this reason, mortgage brokers tend to be more accessible to buyers than bank employees. When you have questions along the way, it's generally easier to get the answers you're looking for from a mortgage broker.
Many lenders work exclusively with mortgage brokers: Some of the big banks don't work with mortgage brokers anymore. Conversely, there are some mortgage lenders that only work with brokers. So, your mortgage broker could have access to loan products that you don't.
Mortgage brokers can get lenders to waive some fees: Mortgage brokers can often get lenders to waive some of their fees, such as application, appraisal, and origination fees. This can save you hundreds of even thousands of dollars.

My name is Jason Ruedy, and I am The Home Loan Arranger. I’m a licensed mortgage lender in Colorado and Pennsylvania. I focus on mortgages for residential properties only.

I specialize in purchase, refinance, cash-out, and debt consolidation loans. I have a strong understanding of A paper loans consisting of credit scores over 600, and sub-prime loans with credit scores down to 350.

I carry 24+ years in the mortgage business and have been ranked #1 in state of Colorado, and top 24 US loan officer. I’m a boutique mortgage lender.

I’m the only loan officer who originates for my company. That means I’m relationship based. I will always work on your file, and you will get my 24+ years experience. Because of my business model, I have closed 4-5 loans for some of my clients – its relationship based.

The structure of my company allows me to offer some of the nation’s lowest interest rates. That becomes a big advantage for my clients, because they get the lowest rate.

I like what I do for work. I like helping and seeing my clients get into their dream, or maybe consolidating debt and putting them in a better financial position. I am honored to be part of this community, and to get my clients the best home loans and terms.

Jason Ruedy, also known as the Home Loan Arranger has had 20+ successful years in the mortgage business.

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