What Mortgage Program Should I Apply For?

There are many mortgage programs available to homebuyers and trying to find the best match on your own can be difficult to do. So with all of the various programs and lenders that are willing to offer you credit, how do you decide which program works best for you?

That’s where a Mortgage Broker comes in!

Working With A Mortgage Broker to Choose A Mortgage

Mortgage brokers have access to dozens of lenders, each having their own plethora of mortgage products. As a result, mortgage brokers have access to a variety of mortgage products so you can truly choose the program that is right for you.

The question should not be which program do I apply for; the question should be what program works best for my objectives and goals.

Borrowers should be given options based on their preferences and goals and mortgage brokers understand this. While banks may offer a “one size fits all” approach, brokers understand that there are strengths and weaknesses to each file and focus on the strengths to match you up with programs that will truly meet your needs.

One of the best parts of working with a broker is that we have the products! Are you a Veteran?  If so, we offer fantastic VA Mortgages. We ask the questions and based on your answers we are able to offer the best choices for you. Many Veterans are never asked if they have military service so they are never offered the VA Loan option.

Are you a First Time Homebuyer? We have many programs that are geared for first time homebuyers that have great down-payment options, including the 100% financing USDA Mortgage as well as the popular FHA Loan option.

We also offer numerous Conventional Programs that have niches for whether you are a first time homebuyer or if this is your second, third, or perhaps your investment property.

Other Benefits of Working with a Mortgage Broker

Shopping for a mortgage can be exhausting and can start to pile up on your credit report pulls. When using a mortgage broker, your credit scores will be pulled just once and then your score is used to shop numerous lenders.

When you work with a broker, the mortgage shopping will be done for you. Instead of having your scores pulled multiple times and having numerous banks and credit unions trying to find the best deal for you, you can do your mortgage shopping all in one place.

Amazon found its Niche by offering a plethora of choices under one shopping experience. We’ve seen how Priceline and Expedia search for your travel arrangements so you don’t have to go from airline to airline or hotel to hotel looking for the best deal. Mortgage brokers are similar in this aspect, as they are able to search not only numerous lenders but also numerous programs to find the products that suit you best.

Connect with a NY Mortgage Broker Today.

When the thought of becoming a homeowner starts to enter your mind and you get the urge to see what you can afford, let us help you understand the process, understand your options, and provide the best customer service in what most likely will be the biggest purchase of your life.

When you work with the mortgage professionals at Maple Tree Funding to secure a mortgage, we’ll use our experience and our vast array of products to help your home buying experience go as smoothly as possible. We will guide you step by step through the mortgage process and find the mortgage program that is right for you.

Make sure you use a Professional Licensed Originator to guide you through the process of purchase a home. Ready to find out which mortgage program is right for you? Give us a call today at 518-782-1202 or contact us online to get the conversation started!

Where to Learn More…

Interested in learning more about how mortgage brokers differ from banks? Check out our broker vs. bank video that explains it plain and clear.

Want more information about available mortgage programs? The Mortgages & Loans section of our website will guide you.