Why a Mortgage Broker?

Shepherd: a person who protects, guides, or watches over a person or group of people.

Why should you use a mortgage broker? One of the positive outcomes of mortgage crisis is that the rate offered to borrowers does not vary much from bank to bank. Many people decided that they may as well go to the local bank where they bank and get their loan there. Why not?

Easy. For the most part bank branches don't process loans themselves. In fact, they often do not have a mortgage specialist in house. Many times, the mortgage loans are processed in remote offices in different states.

A mortgage broker "shepherds" the loan from beginning to end. Documents don't get lost, sent to several different people and delayed for unexplained reasons.

It is stressful enough borrowing large sums of money. You want the same person answering your questions from the beginning and being responsible for your loan throughout the process.