Lots of people get mortgages at the bank. That is not surprising, because banks are in the business of lending money. But lots of people don’t get mortgages at banks. Some of them don’t because the banks don’t want to lend them money.
“Sorry, but you are not approved.”
Those are harsh words to hear if you have your heart set on a home and all you need is to arrange the financing – plus they made you fill in a pile of forms, just to be turned away. If you can’t get approved for the loan, how will you be able to buy the house?
The answer is simple. You need help pre-qualifying for a home loan, and you won’t get that at the bank. The bank makes its money by deciding whether you are a good risk, whether they are likely to make enough money over the long run to make it worth their risk of handing over to you the money for your home in the meantime.
Plus, to make sure the risk is worth it, they’ll charge as much interest as they feel you’ll be able to handle and be willing to pay. They get paid if you are a good risk and they get paid as much as you pay extra in interest.
Mortgage brokers like Avrus work differently. We get paid only if you get your mortgage, so we’ll move mountains to pre-qualify you. We can do this in a way that the banks can’t – we can go to numerous sources to find you a mortgage that fits. Many of those sources are private; they don’t all advertise, but they are known to us.
We will also go to bat to get you the best rate, which is also often unadvertised. More importantly, by being able to shop around on your behalf, we can get a mortgage from a source that might be willing to lend for quite a bit less than your bank, saving you thousands of dollars.
Most importantly, we count on your satisfaction to stay in business. One of the biggest sources of business for us is your referrals, your testimonials to friends and family across Florida, Georgia and California. So it is in our best interest to get you the best rates and give you the best service.
What is the secret to getting the mortgage the banks neglect? In a word…Avrus.