image of a mortgage broker helping a couple

When you’re ready to find a new home loan or to refinance your mortgage, you could go to your bank or credit union, use an online lender, or a mortgage broker. What are the benefits of a mortgage broker?

The first thing to remember about a mortgage broker is that 100% of the time, a broker is working on behalf of the borrower. For all other lending sources, the loan officers and processors work for the bank or the lender, not the borrower.

Because a mortgage broker is an advocate for the borrower, we work to make the process smooth with the lender. When problems come up, brokers are problem solvers and are always looking out for the borrower, while lenders’ representatives are always looking out for the lender!

Using a mortgage broker can also provide you a better mortgage loan for your needs. Because brokers can use a variety of lenders, if we find one lender might not be able to get a loan done, we’ll find another that can, and switch to another lender that meets the borrower’s need.

Brokers also search to find the best rates and terms for the borrower and more often, can find the best rates available on the market. Lenders can only offer the borrower what their company’s rate sheet has that day, which might not be the best a borrower can get.

Mortgage brokers offer more benefit to homebuyers and homeowners and they are local companies that serve their communities. Indigo Mortgage Colorado is a local mortgage broker, and ready to help with your home purchase or refinance.

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