Expertise.com

Best Mortgage Brokers in Newton

2024

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Providers

Last updated:

Website
181 Wells Ave # 206, Newton, MA 02459
  • Refinance

Why choose this provider?

Mortgages, Inc., addresses the real estate concerns of families and individuals in and around Newton. It provides a wide selection of mortgage products to help residents purchase their preferred residential spaces. The company serves first-time homebuyers and veterans who want to file FHA and VA loan applications. Its team also works closely with borrowers to assist them in developing refinancing strategies to reduce their monthly payments. Mortgages has been in operation for more than two decades.

License Verified:

License: 1726

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

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.
3.8
Responsiveness
Friendliness
Helpfulness
Detail
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Website
343 Washington Street, Newton, MA 02458
  • Refinance

Why choose this provider?

Superior Funding Corporation is a locally operated mortgage lender and broker business serving people in and around Newton. It originates various types of loans, such as conventional, FHA, USDA, and VA, which can be used for home purchasing and refinancing. Its other loan products are Freddie Mac Home Possible and Fannie Mae HomeReady mortgages. The company's specialists examine clients' financial situations and documentation to set expectations and address concerns. Professionals with technical backgrounds and advanced education in engineering, economics, and finance founded Superior Funding Corporation in 2004.

License Verified:

License: 2972

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
Zillow
4.9 / 5 (193)
Google
5.0 / 5 (33)
Yelp
5.0 / 5 (5)

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
1087 Beacon Street Suite 202, Newton, MA 02459
  • Refinance

Why choose this provider?

Newton borrowers who seek loans and financial options may tap Weston Loan Group. It provides those looking to purchase their own houses with fixed-rate, FHA, VA, USDA, and jumbo home loans. It also has a first-time homebuyer program and low downpayment options. Refinance and investment property loans are additionally available. Weston Loan Group started operating in 2005. One of its co-founders, Peter Delea, has individually originated $1 billion in loans and another $2 billion as part of a team.

License Verified:

License: 1202

Nationwide Multistate Licensing System and Registry

Website
117 Kendrick St., Needham, MA 02494
  • Refinance

Why choose this provider?

IND Mortgage serves the people of Newton. It offers various lending solutions to people looking to buy houses or refinance their current mortgages. It works closely with borrowers to help them decide which program suits their goals. Loan options include HARP 2.0, FHA, VA, balloon, and reverse mortgages. Pauline So Lee, the company's mortgage loan officer, formerly held implementation roles in operations, finance, and compliance. She also makes use of her prior experience as a real estate sales agent when collaborating with real estate partners.

License Verified:

License: 1785067

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 (18)
Facebook
5.0 / 5 (8)
Yelp
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

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.