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Welcome to Lighthouse Mortgage 

Why Use A Broker?

Independent mortgage brokers have had a significant positive impact on the lending industry. Today, the use of a professional mortgage broker is one of the key strategies used by sophisticated borrowers.

A mortgage broker is an independent real estate financing professional who specializes in the origination of residential mortgage loans. Mortgage brokers normally pass the actual funding and servicing of loans on to wholesale lending sources. A mortgage broker is also an independent contractor working with (on average) as many as 40 lenders at any one time. By combining professional expertise with direct access to hundreds of loan products, your broker provides the most efficient way to obtain financing tailored to your specific financial goals.

In the volatile home-lending market, mortgage brokers can serve as safeguards, offering their clients security, safety, and peace of mind. One of the broker's most important functions is escorting your loan application through the entire process, constantly patrolling the component transactions for possible breakdowns. A professional mortgage broker can wade through the mountains of rate data and program options, researching current market conditions to find the most accurate and up-to-date information about cost-effective loan options. There are literally thousands of variables that can affect the outcome of your mortgage transaction. That's why you need a mortgage broker to act as a liaison between the title and escrow company, real estate agent, lender, appraiser, credit agency, the underwriters, the processors, attorneys, and any other services which may affect your transaction.

Recent Articles

Sep
21
2016
Can I Refinance My Manufactured Home Loan?
Mobile and manufactured homes are one of the most affordable ways to get into home ownership; unfortunately however, some lenders are hesitant to extend mortgage loans on mobile homes or manufactured housing. If you currently own either a mobile home or a manufactured home or are in the...
Sep
07
2016
What are "Interest Only" Mortgage Loans, and How Do They Work?
Are you thinking about buying a home but not sure what you can afford? Have you wondered about interest only mortgages and what advantages and disadvantages they may offer? If so, then you’re in luck because we’ve collected some great information about interest only...
Aug
31
2016
What Happens at Closing?
So you’ve found the home of your dreams. You’ve been preapproved for a mortgage by a lender and you’ve submitted your offer, with earnest money deposit, to the seller. The seller has accepted your offer, you’ve had a home inspection performed and now...
Aug
24
2016
What is an Earnest Money Deposit?
If you are planning on buying a home this year, one of the more proactive steps you can take is to calculate out what cash you’ll need on hand for the home buying process so that you are not faced with surprise expenses down the line. You may also need cash on hand for after you purchase a...