How Mortgage Brokers Fit into the Home Buying Process
During the home buying process, mortgage brokers are a common channel to use when obtaining a home loan. Professional members of the Idaho Association of Mortgage Brokers (IAMP) have played a major role in helping consumers fulfill the American dream of homeownership. Nationwide, mortgage brokers originate two of every three home loans.
Mortgage brokers serve as a mentor to the consumer during the complex
mortgage origination process as they are knowledgeable of current industry
rates and terms. A mortgage broker is recognized as an independent real
estate financing professional that specializes in the origination of
residential and/or commercial mortgages. Mortgage Brokers are business
people who own and operate companies, or work
Why should consumers use a mortgage broker? Advantages of using a mortgage broker during the home buying process include:
The mortgage broker industry plays a significant role in the mortgage lending process and the American economy by increasing competition and driving down costs. On a national level, mortgage brokers originate 66% of home loans, more than any other single loan source.
“Purchasing a home is likely the largest financial transaction a consumer will ever make, and it is imperative that each person works with an experienced professional in order to provide the optimal level of choice for each individual circumstance,” said NAMB Past President Bob Armbruster.
For additional information call IAMP at 208-321-9309.
IAMP - PO Box 7981, Boise,
ID 83707 - 208.321.9309 - Fax: 208.321.4819 -
For website comments or suggestions,
For website comments or suggestions, please