Your trust in Blue Mountain Mortgage is not misplaced.

 

 

Call Today! (866) 304-4803	Blue Mountain Mortgage Why Use a Mortgage Broker?   customerservice@bluemountainmortgagenc.com
Mortgage Rates* 30-Year Fixed        6.375% Jumbo Fixed          6.875% ARM                       6.125% *Rates subject to change without notice     Last Updated Monday, December 03, 2007	A mortgage broker, like Blue Mountain Mortgage*, is an approved loan originator with a number of national lenders.  As you can see from the logos on our website, we work with CitiBank, Chase, Wachovia, and Wells Fargo.  These lenders have wholesale departments who are dedicated solely to loans originated by mortgage brokers.  The loans and rates are designed to be competitive with the retail portions of their branches.   Since a lender does not have the overhead expense associated with a retail branch, they offer incentives to Mortgage Brokers who send wholesale borrowers their way.  These incentives might take the form of flexible program guidelines and better consumer rates.   Brokers take the hassle out of obtaining a mortgage loan and typically, due to volume alone, can get their customers a better deal.  Borrowers who use a broker can shop and compare multiple lenders without having to pay an application fee for each bank, which could run between $300-$500.  When applying for a mortgage loan at a retail branch a borrower is often paying a fee, at the time of the application, that will ensure they do not shop with another lender.  If the retail branch, in turn, declines their application, the fee is not refunded.
A broker can submit, at no cost to the borrower, a loan application to a variety of lenders simultaneously allowing them to compete for the rate.  If you are denied by one bank, Blue Mountain Mortgage shops around until we find the bank that will approve your loan at the terms you specify.   Our goal is to know what you want and what you can afford to pay.  We pride ourselves in being honest with you in obtaining a loan in your behalf. A common myth is that banks are more educated and regulated than mortgage loan companies, which just is not true.  In fact, your average retail branch has employees who are trained in a variety of jobs whether it's customer service, new accounts teller, or loan officer.  A loan officer, who works for a mortgage broker, is dedicated to one field; residential mortgages.  To be a successful mortgage loan company, one must maintain daily contact with the industry, the market, and the guidelines of various banks.  When it comes right down to it, a corporate name cannot ensure intelligence or ethics. Tired of getting the run around from other lenders?  Don't want the hassle of obtaining a mortgage loan yourself?  Let Blue Mountain Mortgage handle your financial needs today!  Our staff wants to help you find the best rate for your specific budget.  Give us a call today!  You'll be glad you did!
	*Blue Mountain Mortgage is registered with the North Carolina Commissioner of Banks and is licensed to conduct mortgage brokering business.
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