Blog

Advantages of a Mortgage Broker

Advantages of a Mortgage Broker Finding a fair mortgage loan can feel impossible, but with an independent mortgage broker like The Mortgage Source, you get a personal concierge to help you find the best rates and closing costs for you!     Brokers When you work with a mortgage broker, their job is to go out into the open market and find the best rates and closing costs for your particular situation. Brokers like The Mortgage Source often have professional relationships with lenders, and can get “wholesale rates” for their clients. That means you could get...

June 15th, 2018 | Independent Mortgage Broker, About Us, Mortgage Rate, Closing Costs, Advantages of a Mortgage Broker

FAQ: What is a reverse mortgage?

  What is a reverse mortgage? Reverse mortgages are one of the most popular, and one of the most misunderstood mortgages out there. Some seniors rule out the idea of getting a reverse mortgage based on misconceptions about what it means. Of course, with all significant financial decisions, everyone’s situation is different. Here we will set some of the facts straight about reverse mortgages to help you make an informed decision.     You don’t give up ownership of your home Some people believe that getting a reverse mortgage means giving up ...

February 11th, 2018 | Reverse Mortgage, Home Loans, Independent Mortgage Broker, Mortgage, Types of Loans, FAQ: What is a reverse mortgage?

Here For You: Friendly, Experienced, Approachable

Here For You: Friendly, Experienced, ApproachableWe believe in friendly communication, experienced team members, and cutting through bureaucracy for our clients. When most people think about getting a home mortgage loan, what usually comes to mind is: bureaucracy, red tape, bad customer service, scams, and headaches. Here at The Mortgage Source, you’ll have a completely different experience! With our experienced team members and down-to-earth owners John and Danielle Kennedy, you can expect expert advice, excellent communication, and a friendly atmosphere. But you don’t h...

October 22nd, 2017 | Independent Mortgage Broker, The Mortgage Source, Local, Community, About Us, Here For You: Friendly, Experienced, Approachable

How To: Cut Back On Closing Costs

Closing costs cover all kinds of expenses associated with buying a home. Here are three ways to decrease your closing costs. Closing costs cover all kinds of fees and services required to get a mortgage and purchase a home. These costs usually range from 3 to 7 percent of the value of your loan. Here are a few ways you can cut back on your closing costs.1. Shop AroundOne way to lower your closing cost amount is to shop around for the best deal, or have a licensed mortgage broker shop around for you. When shopping around, make sure you compare both your estimated closing costs and the tota...

October 17th, 2017 | Home Loans, Independent Mortgage Broker, Closing Costs, How To: Cut Back On Closing Costs

Which Type Of Home Mortgage Loan Should I Get?

What Type Of Mortgage Loan Is Right For Me?Learn about 3 of the most common types of home mortgage loans and see which one might be right for you.  With so many different types of loans out there, it can be confusing where to start. Here are some of the most common types of mortgage loans and what you can generally expect with each one. An independent mortgage broker like The Mortgage Source can help make sure you get the right loan for your unique situation, along with the best rate and closing cost for you. Conventional MortgageConventional mortgage loans are the most common type o...

May 31st, 2017 | Home Loans, Independent Mortgage Broker, Mortgage Rate, Types of Loans, Which Type Of Home Mortgage Loan Should I Get?

How Do I Find The Best Mortgage Rate?

How Do I Find The Best Mortgage Rate?Top 3 Reasons To Use An Independent Mortgage Broker: Get better rates and closing costs, eliminate the bureaucracy and customize your mortgage, and work directly with decision makers Whether you’re looking to finance a new home purchase or refinance one you already own, deciding where to get a loan can be confusing. There are banks, national lenders, and independent mortgage brokers. Here are the top three reasons why you should choose an independent mortgage broker for your loan. If you like to live, eat, and shop local, why not get your lo...

May 23rd, 2017 | Mortgage Rate, Home Loans, Independent Mortgage Broker, Customize, How Do I Find The Best Mortgage Rate?