Brokerage agencies

These brokerage agencies are not banks or credit unions. Officers in a bank sell and process housing applications, but only for the funding programs that their employer originates. Many of the choices might sound the same as those offered by home loan mortgage companies, but the choice of rates is reduced. Here is the difference. A home loan mortgage company might be local or online, finding the buyer a lender that could be anywhere in the country. A lender outside of the purchaser's community may process the mortgage more slowly than those who know the particular real estate area best, but it is also true that distant lenders may accept a wider range of credit risks. Specialized sales can be found in many brokerage agencies. It pays to question issues like repayment terms and processing time when negotiating with any mortgage brokerage firm.