Broker vs Bank

A Mortgage Broker works with many lenders. They do not lend the money for the loan. The Mortgage Broker can be very helpful to quickly guide you through the mortgage process and will save you money because they have access to numerous lenders and programs, plus they can shop for the best rates and closing costs available for you.

The Mortgage Broker gathers the required paperwork, processes, and submits it to one of the mortgage lenders chosen. When working with a Bank or Credit Union, you only have access to their loan programs, interest rates, and completion time. There are limitations when considering a bank or credit union for a mortgage loan and the entire loan process could be longer.

When using Adam Mortgage, your interest rates are usually lower, approval time is faster and you receive more personalized attention throughout the entire loan process.