Let's say you're in a grocery store. You've got a cart full of food and not much time to check out. As you pull up to the checkout counter, a friendly, well-dressed man comes up to you and asks if you need help getting your things up on the counter.
With all you've got to do, this sounds like a great idea. So, with your help, the man starts putting things on the conveyor belt. Once in a while, he puts something back in the cart. Then he breaks some of your eggs and smashes your bread. Soon, the man's services become more work for you than they're worth. When you've finally got everything on the counter, the man turns to you and asks for $100.
In the mortgage lending industry, there are lenders (grocery stores) and there are brokers (the man "helping" you). Some people like to use brokers, believing that they are saving the hassle of dealing with the lending source. However, like the grocery "helper," brokers can sometimes be more trouble than they're worth.
As you could have probably done better just putting your groceries on the counter yourself, you can also have a much more pleasant (and less expensive) experience going directly to the source for your refinance loan. At Downs Financial, Inc., we lend our own money, so we can tailor a program to your specific needs. We don't put you through hoops or red tape like a broker can, and we don't charge hidden fees.
You don't have to wait for the broker to call the lender (us) to work out terms. Instead, you fill out our fast, easy, no-hassle application online or by phone at 1-866-745-5989. You may be pre-approved in as little as 15 minutes. From there, we can process your loan, start to finish, in as little as five business days.