Purchasing a home is often one of the biggest financial decisions you can make in your life. And working with the right mortgage brokers in Philadelphia is crucial to ensuring your home purchase is successful.
If you’re looking for a reputable and respected team of mortgage brokers to ensure your home purchase is a success, we can help.
At Brandywine Valley Mortgage, we treat our clients like family.
Whether you’re a first-time home buyer or looking to refinance your existing mortgage, our experienced team of mortgage professionals is here to help.
With hundreds of loan products to pick from and a team of trusted and experienced mortgage professionals and advisors to help along the way, we’ll help save you time and money during your transaction.
But it doesn’t end there. When you work with us, you’re a client for life. From refinancing to purchasing your next home, you can count on Brandywine Valley Mortgage to be there every step of the way.
What should you look for in a Philadelphia mortgage company?
Navigating the mortgage industry can feel daunting.
That’s why finding a trusted Philadelphia PA mortgage company is crucial to making the mortgage financing experience stress-free so you can close without hassle or worry.
Whether you’re a first-time homebuyer or looking to purchase an investment property, our trusted team can find loan products to fit your mortgage needs.
We take pride in serving clients in Philadelphia, West Chester, and the surrounding area by providing the personal attention our clients expect during the mortgage process.
With rate comparisons from many banks and fast funding for your deal, we’ll ensure you get the best rates for your budget and financial situation.
How much does a mortgage broker charge in Pennsylvania?
The cost to use a mortgage broker will vary, but ultimately it’s a percentage of your purchase price.
The commission mortgage brokers make on loans can typically range from 0.5 % of home purchase loans to 2.75% of the loan’s value. It’s illegal for a mortgage lender to charge more than 3% of the loan’s value.
Is it better to use a mortgage broker or a bank?
Understanding the difference between a mortgage broker and a bank can be confusing, but some key differences make using a Philadelphia mortgage company a better choice for many homeowners.
Most importantly, a mortgage broker can shop around and present you with multiple home loan programs, giving you several options to pick from across multiple lenders during the mortgage process. This ensures you get the best rate and can shop around to find a the loan program or product that works best for you.
Unlike banks, mortgage brokers have more flexibility in their offerings, allowing you to overcome any potential credit or income challenges and direct you to the best loan program to fit your needs.
Banks, on the other hand, can only present you with home loans offered by their financial institution, which limits the mortgage loan programs you can access.
Is it better to use a local Philadelphia mortgage broker?
When it comes time to apply for a home purchase loan, using a Philadelphia mortgage company that understands your needs can make your approval process seamless and save you money.
Benefits of hiring a local Philadelphia mortgage company
A local broker may have access to better interest rates.
Philadelphia mortgage brokers can work directly with certain lenders to unlock the best interest rate for mortgages for you and your budget.
Certain lenders will only work with mortgage brokers and financial institutions, not the general public.
When you work with mortgage brokers Philadelphia, you can access these exclusive loan options that you might not get otherwise.
They may be able to negotiate or waive certain fees.
Because of the long-standing relationships and expertise in mortgage financing, the best mortgage brokers can help you negotiate certain fees with your lender, like origination fees, application fees and more.
They can help streamline your mortgage process.
Instead of applying and getting prequalified with several mortgage lenders, you can use mortgage brokers to streamline your home buying process and review multiple loan products in one place.
This will simplify the loan process and give you the power to make informed financial decisions based on all the loan program offers.
Who typically pays mortgage brokers?
The fee structure of a loan and working with a mortgage professional can really vary based on the mortgage company. A lot of the time, the actual mortgage lender will pay a fee or commission after closing loans. Sometimes though, the home buyers might be charged a flat fee that can be financed into your monthly budget payments.
Should I use a broker for a mortgage refinance?
If you’re looking to refinance your home, mortgage brokers are a trusted resource and extremely knowledgeable in the refinance process.
Since you already have an existing mortgage, a broker can explain the best loan program for you and get you the best refinancing terms available.
If you have a variable rate and are looking to refinance into a fixed rate, mortgage brokers in Philadelphia can walk you through your loan options and explain how your monthly payments might change based on the current mortgage rates.
Let Brandywine Valley Mortgage Brokers in Philadelphia make your dream home affordable with our team of innovative mortgage brokers.
If you’re looking for a trusted and reliable mortgage company in Philadelphia PA, we’ve got you covered.
From conventional loans to FHA loans and everything in between, our exceptional service will make your mortgage process stress-free and convenient.
We’ll sit down with you to understand your mortgage needs and financial goals, then prepare custom digital quotes for you to review and compare rates.
With our professional approach and a wide variety of flexible solutions, we’ll find you low rates to make your mortgage easier and affordable, giving you extra cash in your pocket after you close.
Your local Philadelphia mortgage lenders
Get started today through our simple online process, where you can review real-time customized rates based on your personal information.