Our customers who refinanced their homes at lower rates last year are saving hundreds of dollars each month. Rates are still low. Don’t miss out on the chance to save on your mortgage payments. To start your home refinance process, Click here! The post Refinance could potentially save you hundreds of dollars each month appeared first on Affiliated Mortgage. via Blogger Refinance could potentially save you hundreds of dollars each month
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Alesha Blair with Affiliated Mortgage, The Blair Allen Agency, and KOTA/KEVN Television is sponsoring the biggest event in Rapid City this holiday season, “Cirque Dream Story,” presented by ZirKiss Cirque on December 11th at 7:00 pm at The Monument Civic Center. Don’t miss out on what is sure to be a memorable show for you and your family. Cirque Dream Story is a wonder world of sparkling dancers, daring aerialists, and electric fire performers. Experience the unforgettable kaleidoscope of costumes. This magical show is for all ages and brings together cirque performers from all over the world for the most inspiring production of the year. Limited tickets will be available. Please hurry and secure your tickets for your family and friends. They won’t last long. Alesha Blair Senior Mortgage Broker – NMLS # 1817178 Phone: (605) 786-5405 Email: [email protected] I began my career working in Rapid City as a senior account executive for a local TV-Radio network. In early 2010 my husband, our kids, and I had the opportunity to move to Scottsdale, AZ. While in Scottsdale I oversaw the digital marketing strategy for an international software company. In 2018, we decided to move back to South Dakota, because family is very important us, and we wanted to have our children know and understand the importance of family and have the opportunity to grow up around their grandparents and cousins. My husband and I have four wonderful children, two amazing grandchildren and a sweet little Chihuahua. I am here to help and serve anyone who is looking to refinance their existing home or purchase a new home. I encourage you to contact me directly. I would love to start a safe and confidential loan application with you or answer any questions you may have. The post Biggest Event in Rapid City this Year, Cirque Dream Story appeared first on Affiliated Mortgage. via Blogger Biggest Event in Rapid City this Year, Cirque Dream Story If you’re looking for a mortgage, you would know that there are two types of professionals to choose from: a mortgage banker and a mortgage broker. It’s important to know the difference between a broker and a banker so you can better understand their roles. A mortgage banker is someone who works with financial institutions directly in order to offer loans to home buyers looking for credit options. On the other hand, a mortgage broker is an independent professional who works on behalf of clients by finding lenders willing to provide real estate financing. These two careers have very different roles when it comes down to helping people finance their homes! To learn more about what each type of professional does, continue reading this article. What does a mortgage broker do?A mortgage broker shops around with multiple lenders in order to get the lowest interest rates, terms, and fees for your individual situation (the lender’s lending criteria). When working with a broker, it’s important to understand that they are not employees of a financial institution. Moreover, a mortgage broker is not required to work with only one lender. They can shop around and get you the best possible rates from many different lenders, which is an advantage for borrowers in today’s market where there are over 100 mortgage providers available to US residents. Brokers typically charge a fee (typically between .50% – .75%) of the total loan amount. Not only this, but they will also use this fee to pay for advertising and other administrative costs. What does a mortgage banker do?A mortgage banker is similar to a mortgage broker but the difference between the two entities is that a banker will originate, fund, and service their customer’s loans while brokers simply help clients find them. They are also called direct lenders because they lend their money to home buyers directly rather than going through another lender like a mortgage broker or correspondent. A mortgage banker can be licensed in all 50 U.S states as well, while mortgage brokers are only able to work within the state that they reside in. So, that means that mortgage bankers are able to service mortgage loans anywhere in the United States. The differences between a mortgage broker and a mortgage bankerThe main difference between a mortgage banker and a mortgage broker is that the mortgage banker has much more control over their own business. They have to put up all of their cash, take on all risks, and get to keep 100% of the profits they make. And, there is no middle man in this option. Also, a mortgage banker typically represents one financial institution while a broker may represent many different banks or institutions. With a broker, you can get loans from multiple places and that means you will have someone to act on your behalf – find the best rates and opportunities for you, fill in all of the paperwork, communicate with everyone involved, then close the transaction. One of the other major differences between them is that mortgage brokers do not have their own capital; they just place mortgages with lenders while getting paid for doing so. On the other hand, mortgage bankers have their own capital and they do not get a salary from mortgage brokers to place mortgages with lenders. Pros and Cons of a Mortgage BrokerPros
Cons
Pros and Cons of a Mortgage BankerPros
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ConclusionWith so many mortgage brokers and bankers to choose from, it can be hard to know which one is the best fit for you. Fortunately, we have done research on both types of professionals in order to help you find the right solution for your needs. We have also reviewed some pros and cons of each type of mortgage professional as well as what they offer that makes them different. If you have any more questions after reading this article or want guidance on how to get started with a home loan application process please feel free to reach out! Our experts are always happy to answer your questions about mortgages. The post What is the difference between mortgage broker and mortgage banker? appeared first on Affiliated Mortgage. via Blogger What is the difference between mortgage broker and mortgage banker? It is our pleasure to announce a no admission Badlands Sabres hockey game to be played at Roosevelt Park Ice arena in Rapid City SD on Sunday February 20th starting at 3:30pm when they take on the Yellowstone Quake. Affiliated Mortgage will be sponsoring the event with door prizes and drink tickets. Doors open at 2:30pm and will be a donation for Rushmore Hockey and all funds will go towards purchasing new gear for youth hockey in our community. There will be also a Rushmore Hockey Mites game played during the first intermission and will be collecting 50/50 tickets for drawing Pack your skates ! Following the game there will be a free skate with the Sabres players where you can collect autographs and photos of your favorite players. Come join us for a fun afternoon of free hockey thanks to Affiliated Mortgage! Friends and family all welcomed. See you all at the rink! Sign up now to be part of future Affiliated GiveawaysGive Away FormThe post Free Admission Hockey Game: Badlands Sabres and Yellowstone Quake appeared first on Affiliated Mortgage. via Blogger Free Admission Hockey Game: Badlands Sabres and Yellowstone Quake Visit the Affiliated Mortgage booth at the Black Hills Builders Association Home Show on March 25-27 and get a chance to win a $100 Amazon gift card. We love our Black Hills community, and we celebrate the relationships we have with our community, realtor partners, builders, and real estate professionals. We are located right at entrance B. Please visit our booth and fill out a form to win a $100 gift card. See you there!The post Affiliated Mortgage Giveaway at the Black Hills Home Builders Association Home Show 2022 appeared first on Affiliated Mortgage. via Blogger Affiliated Mortgage Giveaway at the Black Hills Home Builders Association Home Show 2022 Add Your Heading Text HereLorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo. The post Purchase A New Home Test appeared first on Affiliated Mortgage. via Blogger Purchase A New Home Test Visit the Affiliated Mortgage booth at the Black Hills Builders Association Home Show on March 25-27 and get a chance to win a $100 Amazon gift card. We love our Black Hills community, and we celebrate the relationships we have with our community, realtor partners, builders, and real estate professionals. We are located right at entrance B. Please visit our booth and fill out a form to win a $100 gift card. See you there!
© Copyright All Rights Reserved Affiliated Mortgage a division of Epoch Lending, LLC NMLS# 1816421 Developed and designed by https://blairallenagency.com The post Affiliated Mortgage Giveaway at the Black Hills Home Builders Association Home Show 2022 appeared first on Affiliated Mortgage. via Blogger Affiliated Mortgage Giveaway at the Black Hills Home Builders Association Home Show 2022 It is our pleasure to announce a no admission Badlands Sabres hockey game to be played at Roosevelt Park Ice arena in Rapid City SD on Sunday February 20th starting at 3:30pm when they take on the Yellowstone Quake. Affiliated Mortgage will be sponsoring the event with door prizes and drink tickets. Doors open at 2:30pm and will be a donation for Rushmore Hockey and all funds will go towards purchasing new gear for youth hockey in our community. There will be also a Rushmore Hockey Mites game played during the first intermission and will be collecting 50/50 tickets for drawing Pack your skates ! Following the game there will be a free skate with the Sabres players where you can collect autographs and photos of your favorite players. Come join us for a fun afternoon of free hockey thanks to Affiliated Mortgage! Friends and family all welcomed. See you all at the rink! Sign up now to be part of future Affiliated Giveaways
© Copyright All Rights Reserved Affiliated Mortgage a division of Epoch Lending, LLC NMLS# 1816421 Developed and designed by https://blairallenagency.com The post Free Admission Hockey Game: Badlands Sabres and Yellowstone Quake appeared first on Affiliated Mortgage. via Blogger Free Admission Hockey Game: Badlands Sabres and Yellowstone Quake If you’re looking for a mortgage, you would know that there are two types of professionals to choose from: a mortgage banker and a mortgage broker. It’s important to know the difference between a broker and a banker so you can better understand their roles. A mortgage banker is someone who works with financial institutions directly in order to offer loans to home buyers looking for credit options. On the other hand, a mortgage broker is an independent professional who works on behalf of clients by finding lenders willing to provide real estate financing. These two careers have very different roles when it comes down to helping people finance their homes! To learn more about what each type of professional does, continue reading this article.
What does a mortgage broker do?A mortgage broker shops around with multiple lenders in order to get the lowest interest rates, terms, and fees for your individual situation (the lender’s lending criteria). When working with a broker, it’s important to understand that they are not employees of a financial institution. Moreover, a mortgage broker is not required to work with only one lender. They can shop around and get you the best possible rates from many different lenders, which is an advantage for borrowers in today’s market where there are over 100 mortgage providers available to US residents. Brokers typically charge a fee (typically between .50% – .75%) of the total loan amount. Not only this, but they will also use this fee to pay for advertising and other administrative costs. What does a mortgage banker do?A mortgage banker is similar to a mortgage broker but the difference between the two entities is that a banker will originate, fund, and service their customer’s loans while brokers simply help clients find them. They are also called direct lenders because they lend their money to home buyers directly rather than going through another lender like a mortgage broker or correspondent. A mortgage banker can be licensed in all 50 U.S states as well, while mortgage brokers are only able to work within the state that they reside in. So, that means that mortgage bankers are able to service mortgage loans anywhere in the United States.
The differences between a mortgage broker and a mortgage bankerThe main difference between a mortgage banker and a mortgage broker is that the mortgage banker has much more control over their own business. They have to put up all of their cash, take on all risks, and get to keep 100% of the profits they make. And, there is no middle man in this option. Also, a mortgage banker typically represents one financial institution while a broker may represent many different banks or institutions. With a broker, you can get loans from multiple places and that means you will have someone to act on your behalf – find the best rates and opportunities for you, fill in all of the paperwork, communicate with everyone involved, then close the transaction. One of the other major differences between them is that mortgage brokers do not have their own capital; they just place mortgages with lenders while getting paid for doing so. On the other hand, mortgage bankers have their own capital and they do not get a salary from mortgage brokers to place mortgages with lenders.
Pros and Cons of a Mortgage Broker Pros – Will find you the best loan for your needs with the lowest interest rate – Search multiple lenders at once so all of the paperwork goes directly from them to those specific lenders to minimize unnecessary hassle – By having multiple lenders working with them, they are able to offer their clients many different options Cons – While most brokers do not charge fees, some do take out an origination fee which is paid by taking money off the top of what it would have been as if they did not work with a broker (the fee varies) – Individual lender rules can get confusing through all of that paperwork going back and forth between many people; sometimes things may get lost, overlooked, or get delayed
Pros and Cons of a Mortgage Banker Pros – Can help you get the best possible rate by being able to compare rates and lenders in one place – As they are a part of bigger companies, they have the greater buying power to offer lower fees and interest rates Cons – They do not actually originate the loan themselves, so you may end up dealing with multiple people throughout this process which can lead to miscommunication and delays
ConclusionWith so many mortgage brokers and bankers to choose from, it can be hard to know which one is the best fit for you. Fortunately, we have done research on both types of professionals in order to help you find the right solution for your needs. We have also reviewed some pros and cons of each type of mortgage professional as well as what they offer that makes them different. If you have any more questions after reading this article or want guidance on how to get started with a home loan application process please feel free to reach out! Our experts are always happy to answer your questions about mortgages.
© Copyright All Rights Reserved Affiliated Mortgage a division of Epoch Lending, LLC NMLS# 1816421 Developed and designed by https://blairallenagency.com The post What is the difference between mortgage broker and mortgage banker? appeared first on Affiliated Mortgage. via Blogger What is the difference between mortgage broker and mortgage banker? |
AuthorAffiliated Mortgage in Rapid City, SD. As a direct mortgage lender, Affiliated Mortgage, LLC’s trusted reputation is built on our resolve to build relationships of trust, respect, and high accountability. |