Brokers Vs Bankers: Why Megastar Is The Best Loan Originator Redding CA Has To Offer

What Is The Difference Between Loan Originators And Mortgage Brokers?

Managing your finances is rarely easy. From monthly bills to big purchases, it can be difficult to keep all your monetary ducks in a row; since your mortgage is almost definitely going to be the biggest expense you ever need to handle, it’s important that you start out in the right place. There are many options available, but two stand out from the rest: should you go with a loan originator or a mortgage broker?

Loan originators are employed by a financial institution, such as a bank, savings and loan association, or credit union. This means that they will work by your side to help you complete the mortgage application process from start to finish; because they have a professional relationship with the financial institution, they are able to advise borrows of the various loan options within that institution. They are usually paid by their employer, so there are no additional fees or commission costs involved.

Mortgage brokers, on the other hand, either work independently for borrowers or for realtors. Their job is to determine the needs of the buyer and shop around between lending institutions to find the loan package that best suits the borrower’s situation; they have no direct ties to any one institution, so they are generally paid entirely through commission.

Trust The Best Loan Originator Redding CA Has To Offer For Your Mortgage

As the best loan originator Redding CA has to offer, Megastar is different. We are mortgage bankers, meaning our loans are processed, underwritten, and funded using systems owned by us. This gives our company the ability to create the best of both worlds: a personal experience that lends a hand every step of the way, and a devoted partner looking to find the right loan package for your needs. As a result, our company is the loan originator Redding CA residents trust and believe in.

If you’re looking to buy a home of your own, don’t get caught up in the stresses of your mortgage; team up with Megastar, the dedicated loan originator Redding CA knows and loves, today.