The majority of homeowners turn to banks when it comes time to get a mortgage. This is frequently the default choice because home loan services are usually offered at the customer’s primary bank. This provides for one-stop shopping and can answer for someone looking to submit a mortgage application.

So why use a broker? The reality is that most borrowers are interested in looking at options that a bank cannot offer. Big banks don’t necessarily specialize in home mortgages. Brokers typically have access to far more loan products and types of loans than a large-scale bank. These products include FHA loans, VA loans, jumbo loans, a USDA loan, or simply products for a borrower with bad credit.

Working with Scott Bennett at Alterna Mortgage will give you a more personalized loan experience.  A big bank might just tell you that your credit score is too low. Scott can explain how credit scoring works, then make recommendations to make you eligible in the future. He will help you find solutions to your challenges, whether it’s a low down payment, limited credit history, or the desire to limit closing costs and/or avoid mortgage insurance.