Working with Alterna Mortgage is better than working with a bank.

Pros of working with Alterna Mortgage

  • We do all the legwork for you, working on your behalf with the lender
  • We compare wholesale mortgage rates from a large number of banks and lenders all at once
  • We have access to wholesale interest rates that can be lower than bank branch interest rates
  • We work with numerous banks and lenders so you get more loan options
  • We can finance custom lending situations because of our experience and various lending partners
  • We are a LOT less bureaucratic…so you will be working with the owner, Scott, directly through the entire process.

Cons of working with a bank

  • They have conservative loan programs.
  • They don’t disclose the yield-spread premium.
  • Working with banks is generally a lengthy process and can be very bureaucratic.
  • Large banks tend to lose track of the details. You might get false promises.
  • They may overcharge you because their commission doesn’t need to be disclosed.
  • Sometimes the people you are working with are not educated about the home loan process. In some cases, they’re just general bankers or customer service representatives.

Have questions? Feel free to reach out to Scott Bennett at 503-703-4699 or to talk about your current situation.