1. Why use an Independent Mortgage Consultant and what is the cost of using the services of a Mortgage Edge Mortgage Consultant?

Financial Institutions sell only their own products to the public through their own sales force. As a result, they do not provide unbiased advice or selection of a variety of products offered by the many lenders who may want your mortgage business and are willing to bid for it. The risk losing your mortgage to a lender whose product may provide more value to you is too great for most Financial Institutions. Mortgage Edge Mortgage Consultants on the other hand, sell a variety of mortgage products offered by the large variety of lenders we deal with, not just one. Because of this they are able to search for the right product from this variety of lenders, including banks, trust companies, insurance companies and credit unions, for the one that offers the best product, rate and terms for your particular needs. Thus, they can be totally objective in their recommendations to you.

Mortgage Edge Mortgage Consultants are also able to negotiate on your behalf, structuring deals to meet the criteria of the lenders, and therefore getting you a mortgage solution that works for you. Remember a Mortgage Edge Mortgage Consultant works for you!

To gain market share from Mortgage Broker companies and individual brokers, the majority of lenders pay a finder's fee for referred business. Due to the volume of business done by Mortgage Edge and its Mortgage Consultants, fees are paid by the lender.* This allows the Mortgage Edge Mortgage Consultant to shop among the various lenders for the mortgage rate and product that best suits the needs of you the client and, in most cases, at no cost to you. In situations where traditional lenders will not approve a mortgage because of poor credit, and where the application must be placed with a private or non-traditional lender, a brokerage fee may be charged to the client. This cost must always be disclosed to the client up front and must be authorized in writing by the client before it can be charged.

When you deal directly with a Financial Institution and your mortgage is declined, for whatever reason, you must begin the application process all over again with another Lender. When you deal with Mortgage Edge, the application can quickly be redirected to another Lender or several other lenders, for consideration simultaneously. Dealing with our mortgage professionals saves you a lot of time and frustration.

For more information on how a Mortgage Edge Consultant can help you, please click here for a list of “Our Team,” or call toll free at 1-866-448-EDGE.