The question of what benefits are derived from working with a mortgage broker in order to find a great loan for your non-owner occupied residential or commercial loan is similar to the one raised by investors typically about working with licensed real estate agents. The answer rests in the value added skills that the agent or broker brings to the table.
Sure, most investors can get on Google and find a lender or two who might fund a specific deal. Anyone can search the Internet, right? The mortgage broker, however, has often spent months, if not years, honing relationships with dozens of lenders and keeping track of the changes in rates and terms for each of these lenders. Most real estate investors do not have the time to develop these relationships with different lenders and therefore an independent search for funding will inevitably be haphazard and not well optimized to find the best lender for each specific loan need.
Loan brokers also get to know their investor clients well and become trusted advisors on how to structure each loan optimally and how to complete loan paperwork most expeditiously. Once paperwork is submitted for the first deal, it will be relatively easy for the loan broker to “go shopping” for the next funding opportunity and to fill out the majority of the paperwork for the client saving valuable time and energy.
Whether the investor is dealing with a real estate broker or a mortgage broker, the fees that are paid at the closing table provide a “value added” service to save the client time and money so that the investor can make the highest and best use of his or her time and can close in a timely fashion on the best loan possible for each deal.
Looking to finance or refinance an investment or commercial property? Contact Liz Nichols at RE Advantage Capital LLC today at 319-359-0656 or readvantageia@gmail.com.



