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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

Feb
15
2017
Borrowing Against 401(k) to Purchase a Home: Financial “Do”, or “Don’t”?
   Many first time homebuyers are ready to take on the expense and responsibility of homeownership but lack the significant down payment that is generally required as part of a mortgage loan, or that is required in order to avoid the additional purchase of private...
Feb
09
2017
How to Calculate Your Debt-to-Income Ratio
  How Much Home Can You Afford?  When you apply for a mortgage, your prospective lender will check several factors, including calculating your debt-to-income ratio in order to determine the amount of mortgage to extend to you. You can get a jump start on the home buying...
Feb
01
2017
USDA Loans: The No Down Payment Loan Program That May Work for You!
  Are you hoping to buy a home in 2017 but worried about the down payment? Looking to live outside of a big city – whether that be in a small city, town or out in the country with plenty of space? Many Americans can afford the monthly mortgage payment on a home for their family, but...
Jan
18
2017
Will I Qualify for a Mortgage on Part-Time Income Alone?
I only work part time but want to buy a home – will I qualify for a mortgage on part time income alone? In today’s economy, many people make their income by working one or more part-time jobs versus a traditional full-time 9-5 job. While there are some assumptions made that...