Mortgage Broker vs. Lender, but Make it FASHION

Understanding the difference between a Mortgage Broker and Direct Lender is not as daunting as you may think. To best explain the differences and help you understand this better we are going to talk fashion. Yes, you read that correctly, fashion.

When you go shopping there are many different stores you can choose from. There are name brand fashion houses that have in-house designers and charge you based off their own pricing model. Alternatively, you can be like me and go shopping at small business, locally owned boutiques who buy their clothing from wholesale businesses who purchase directly from the designers and manufacturers. Boutiques then have the power to control their pricing and present you with the best quality product.

In the mortgage world, this remains the same. When you shop with a Direct Lender, like a name brand fashion house, you are limited to only their loan options and rates. Like many small business boutiques, United Atlantic Mortgage shops products and prices for you to ensure the best possible product at the best possible price. When boutiques order from a wholesaler, they tailor their purchases to fit the needs of their clientele while keeping on trend. United Atlantic Mortgage does the same by tailoring the pre-approval and loan type specifically to you, the borrower, to ensure we are approving you for the maximum amount possible at the best rate available to you.

Many Direct Lenders may tout that Brokers will prolong the amount of time to close a deal, however, here at United Atlantic Mortgage, we have a unique system in place that can ensure your property is closed on in just 14 days. So, I ask you, why would you not want to work with a Broker? Contact one of our Loan Officers today and let’s get you approved and ready to begin the process!