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California Mortgage Broker - Helping You Find the Best Mortgage Deals

Aug 17, 2007
A California Mortgage Broker can help you obtain the perfect mortgage by administering quality information and helping you make an informed decision based on your individual needs.

Getting a mortgage in California can be a very stressful event. For most, the process is so complex that most people recommend the services of a California mortgage broker.

Mortgage brokers will give you expert advice on affordable home loans that will suit your financial needs and interests. They are officially known as real estate financing professionals who act as 'freelancers' and are known to work out low-cost mortgage packages.

California Mortgage 'Broker' vs. an 'Agent'
Some people confuse mortgage brokers with mortgage agents. Technically, their job descriptions are the same - both will tell you the different loan types available, both will help you choose one, collect your application form, and communicate with you until closing day.

The main difference is that a mortgage agent is tied up with a particular mortgage firm, mostly banks, while a mortgage broker works on behalf of several investors.

Mortgage brokers bring borrowers and lenders together for the purpose of mortgage origination. They receive commissions when sales take place.

Most people think that going to mortgage agents is better than running to brokers. The truth is you can benefit more from mortgage brokers because these people are more inclined to adjust to your needs unlike mortgage agents who aim to serve the entity they represent. So whereas a mortgage agent tries to sell to you what he or she has, a California mortgage broker will find the mortgage option that works best for you.

Bear in mind too that mortgage brokers get much of their business by means of referrals so it is in their own interest to go out of their way to meet your mortgage needs. Further, as a 'free agent', California mortgage brokers work with multiple lenders. As such, they are in a much better position to offer a wide range of loan programs.

Finding a Competent California Mortgage Broker
Sometimes, ads are not enough. Everybody tells you that they are the best, when in fact you don't know a thing or two about the California mortgage broker you just contacted. Usually, online ads are the nastiest because everybody can now post something on the Internet.

So how do you find a competent and reputable mortgage broker in California?
Ask family, friends and even business associates for referrals! Word-of-mouth advertising is one sure way to know if a mortgage broker in California is really good.

Contact the California Chamber of Commerce.
Your local Chamber of Commerce will have a listing for every business professional. It is a good source for finding a legitimate mortgage broker in San Jose, California, a mortgage broker in Stockton, California or any other suburb of California.

Search the Internet.
The Internet may contain lots of hoaxes but everybody is going online nowadays and a California mortgage broker with his/her own website is a good way of forming an initial impression on the broker.

Investigate a prospect.
Don't be shy and ask for references from the mortgage broker and do contact these references! Remember, a mortgage is a big financial decision and so you should be sure of the California mortgage broker you are dealing with.
About the Author
Jonathan Sapling writes extensively on California mortgage and related Home Equity subjects.
To read more about California Mortgage go to: California Mortgage Expert Site
Or visit his blog about: Home Equity News
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