Expertise.com

Best Mortgage Brokers in Springdale

2023

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Mortgage Brokers FAQs 〉

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Website
1970 E Joyce Blvd. Suite 1, Fayetteville, AR 72703
  • Refinance

Why choose this provider?

Broyles Mortgage Brokers serves clients in Springdale. The company assists first-time and experienced homebuyers in locating the best mortgage terms on the market for their homeownership objectives. Its mortgage specialists provide conventional, Jumbo, and government-sponsored home loans. The team also offers mortgage programs for debt consolidation and refinancing. The locally owned and operated business has been serving clients for over 20 years. Pamela Welch, the company's owner, is a residential loan manager with over 40 years of industry experience.

License Verified:

License: 145370

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (14)
Google
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
900 SE 5th Street, #22, Bentonville, AR 72712
  • Refinance

Why choose this provider?

New Season Mortgage LLC provides wholesale and direct-to-consumer loan programs to home buyers and owners in Springdale. It assists customers with their home purchasing or refinancing needs over the phone, online, and in person. The business partners with various banks to give borrowers more loan options to choose from that will meet their specific financial situation and home needs. New Season Mortgage's founder and managing broker, Tamala Stewart, brings over three decades of experience in the lending industry.

License Verified:

License: 1634413

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (63)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Website
5506 Walsh Ln, Suite 206, Rogers, AR 72758
  • New Construction

Why choose this provider?

Purple Ink Mortgage caters to individuals and families in Springdale and the surrounding communities. It has various types of home loan programs, such as VA, FHA, USDA, and jumbo loans. It also offers fixed- and adjustable-rate mortgage options. Its mortgage professionals work closely with customers throughout the process, from the pre-approval stage to closing. Additionally, the company has created a variety of online forms to help borrowers process their loan applications from the comfort of their homes.

License Verified:

License: 1801687

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.9

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail

Frequently Asked Questions

  • Introduction

    It’s the American dream to buy property, and almost everyone who purchases a home does so with the help of a mortgage broker. It can be intimidating when you don’t know where to begin, what information is necessary, and how to receive a loan. A mortgage broker acts as an intermediary between the applicant and the financial institution.


    The mortgage broker’s role includes comparing loan terms across lenders to find applicants the best options, collecting paperwork the financial institution needs to analyze the application, and guiding the buyer through the underwriting and closing processes. Mortgage brokers can significantly simplify the home buying process.

  • Can mortgage brokers work across state lines?

    Yes, mortgage brokers can work across state lines. However, each state has different licensing requirements for mortgage brokers. Customers should ensure their broker can legally work in another state before going across state lines. Lastly, don’t forget the mortgage process is often time-sensitive, so being in different time zones can be problematic.

  • How do mortgage brokers find lenders?

    Mortgage brokers work independently and act as a bridge between the client and the lender. They reach out to several lenders to form a network and build professional relationships with those they work with often. They use lenders who best meet a client's rates and terms, and some lenders only do business through mortgage brokers.  

  • What credit score do mortgage brokers use?

    There are two credit scoring models in the United States: FICO and VantageScore. Mortgage lenders typically prefer to use FICO. However, each credit bureau uses a different version of the FICO score:

    • Experian uses FICO Score 2
    • Equifax uses FICO Score 5
    • TransUnion uses FICO Score 4

  • Do mortgage brokers help with refinancing?

    Yes, mortgage brokers can help with refinancing. Individuals who have a solid credit score will typically go to their bank to refinance their mortgage. However, if you don't have excellent credit, a mortgage broker may be able to secure you a better interest rate than you could get on your own.

    You pay a fee to the mortgage broker, so you'll want to consider this fee versus your savings in your cost-benefit analysis.
  • Can you work with two mortgage brokers?

    You can definitely work with two mortgage brokers. The advantage of using multiple brokers is that you'll have two people reaching out to several lenders to secure the best rate possible. However, you must ensure you provide matching information to all your brokers. If two brokers provide mismatched information about your application to the same lender, it can send off red flags and delay your approval process.

  • Do mortgage brokers get better deals?

    Yes, a mortgage broker should be able to get you a better deal. Mortgage brokers go to several lenders on your behalf and find the one with the best terms and interest rates. However, note that some mortgage brokers have preferred lenders. A broker may bring you their preferred lender's offer, even if it's not the best one; however, this isn't a regular practice.