Most people don't realize that there is a difference in mortgage companies. Most mortgage companies in the United States are actually mortgage brokers. This means that they go out and find lenders with money to fund mortgages. Because of this, the interest rates paid are sometimes higher and include increased fees.
A direct lender, however, is a company that processes the mortgage application and lends its own money to those who qualify. Because of this, direct lenders can often give some of the best interest rates available. In addition, direct lenders are often able to approve more people for mortgage loans regardless of their credit histories. The reason for this is that direct lenders have more leeway in determining who qualifies in real world terms for a mortgage. Often, direct lenders can get interest rates that may be a percentage point or more below those of other lenders.
Downs Financial is one of these direct lenders. We have been in business for nearly 10 years. We have helped people in almost every state to get the best interest rates on mortgage loans. We have also worked with individuals with all types of credit histories--from excellent to poor--get the loans they need. Individuals who have been turned down by other companies have been able to buy that first home or refinance an existing mortgage through us.
For more information on our services and how we can help you, simply fill out our short online registration form. Once we receive your information, we will call you in 15 minutes to answer your questions. That is the other way that we are different than most mortgage companies: we don't think you should have to wait to speak to someone to get the information you desire.