Why Choose A Mortgage Broker

Why A Mortgage Broker?

Constant Funding, Inc., is a full service residential mortgage broker specializing in many types of home loans. We have access to many lenders which leads to an effective way of getting a mortgage loan to suit your needs. This will save you time and money. Let my team and I search for the best deal possible. We will show you the ones that offer the best value in terms of interest rates, pricing and payments.

It is very important to choose the right broker. A residential mortgage broker has access to certain lenders with mortgage rates generally unavailable to the public (wholesale). If you choose a mortgage broker that does business with only one or two lenders you have limited your options. Each mortgage broker is different and can do business with a different amount of lenders. At Constant Funding, Inc., we have displayed a legitimate history of closing home loans which gives us the ability to work with numerous lenders!
 
 
Interest Rates? 

Be cautious when you see claims of “lowest rates”, “rock bottom pricing”, or “we beat any rate out there”. It’s nothing more than a “teazer” being used to attract callers. 

Here’s why. Mortgage interest rates are based primarily on Mortgage Backed Securities (MBS). Short version - MBS are fixed-income investments that generate interest revenue through pools of home loan mortgages. Mortgage loans are grouped together and sold to Fannie Mae or Freddie Mac, who in turn securitize the loans. They are used as collateral for the bonds they issue. Investors buy and sell these bonds. 

Generally speaking, if bonds sell low, mortgage interest rates rise. If bonds sell high, mortgage interest rates fall. There is a little more involved when it comes to interest rates, but that may be left for another day.

Mortgage interest rates can change several times each day. Loan officers, banks and brokers do not set mortgage rates. They set pricing, not rates. 

What am I really trying to say? Almost all lenders have access to the same rates! 

There are dozens of lenders to choose from. The mortgage market is very competitive. Although lenders may get their money from the same place, each lender may structure pricing differently due to various factors such as overhead and profit expectations. So, each bank may offer different rates and pricing even though they may have access to the same money other banks do.  

Please contact me directly with any questions pertaining to interest rates. I'll give you real information!