What Does a Mortgage Broker Do? Everything You Need to Know

What Does a Mortgage Broker Do - Masters Team Mortgage

What does a mortgage broker do? First and foremost, a broker would help the customer limit fees when applying for a mortgage or approaching a different lender. Because brokers typically have a wealth of knowledge about lenders, payback periods, administrative fees, and other expenses that can be hidden in contracts, they save their clients time […]

Mortgage Broker Vs. Bank: Pros and Cons

mortgage broker vs bank

When deciding between a mortgage broker vs a bank, careful consideration should be made about a few things. Banks could give you a discounted rate if you merge or combine, but there are a few things to consider. They could provide a small discount in exchange for combining your services with theirs. Different individuals will […]

What is Mortgage Pre-Approval: Guide to Homeownership

what is a mortgage pre approval

Getting a mortgage pre-approval is generally the first crucial step towards buying your dream house. You may wonder what mortgage pre-approval is.  Your first indication of how much you can borrow from lenders is your golden ticket when it comes to purchasing a home. See it as a road plan that will help you navigate […]

 Real Estate Settlement Procedures Act: Explained

what is respa

Looking to navigate the maze of real estate transactions with confidence? Enter RESPA – the Real Estate Settlement Procedures Act – a pivotal legal framework ensuring fairness in property dealings.  Your desire to become a homeowner could be harmed by unreported bribes, unfair practices, and hidden costs. But, RESPA, the transparency champion, is there to […]

How to Save for a Down Payment on a House

how to save for a down payment

Let’s start with the facts. Buying a house is a wise investment and a huge milestone for most who do. However, the other point is to make this possible, you must save for a down payment when applying for a mortgage loan. If you manage your finances while working towards a goal that is an […]

This Is How You Make A Competitive Offer On Your Dream Home

making an offer on a house

Great job! You’ve discovered your ideal home. What’s next? Ultimately, the seller will side with the most competitive offer on the table. The Most Important Step To Owning Your Dream Home Preparation of your offer is key! The more attractive the buyer’s offer – the better chances of the seller accepting your offer. So, pay […]

How to Choose a Real Estate Mortgage Broker Near Folsom, California

How to Choose a Real Estate Mortgage Broker Near Folsom, California

Mortgage brokers are the professionals you work with when buying a home to find you the best mortgage loan for your situation. They can help you get the best interest rate on your loan, choose the right mortgage products for your situation, and guide you through the home-buying process.  So how do you find a […]

Tips for Saving Thousands on Your Home Purchase

Tips for Saving Thousands on Your Home Purchase

Purchasing your own home may be the largest purchase you can make. The median monthly mortgage payment in the U.S. is $1,100, as reported by the U.S. Census Bureau — and this doesn’t include other costs related to homeowners insurance and property taxes.  If you want to save thousands on your home purchase, there are […]

Are We Entering a Buyer’s Market? Signs to Watch Out For

Are We Entering a Buyer’s Market? Signs to Watch Out For

Understanding how the housing market works is essential for both buyers and sellers. Not only does it put you in the best position to negotiate and make smart financial decisions, but it also helps to ease the stress that naturally occurs when making such a large purchase. This advice is enough more crucial in our […]

Making Sense of the Current Housing Market

Making Sense of the Current Housing Market

The housing market has been a roller coaster ride since 2020, particularly as more people worked from home and looked for new places to live. Interest rates also hit a record low during this time, leading to a seller’s market where bidding wars and long lines of buyers at open houses were common occurrences. Fast […]