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New Jersey Mortgage Broker?
(Instead of a Mortgage Banker?)

Fill out one simple form and have NJ mortgage lenders compete for your loan.  You get the 3 best offers delivered to you.  Your information is never sold to a third party and it is completely safe and secure.  There's no obligation on your part whatsoever. Apply Online

What's the difference between a New Jersey mortgage broker and a mortgage banker?  And which one is best for your financial situation? 

Those are the two questions I get asked most often.  This page will explain what each one does and the benefits.

A NJ mortgage banker is simply a person or financial institution that lends it's own money.  The one big problem with using a banker is -- you have to do the shopping around yourself.  YOU are the one that has to compare a mortgage loan from one banker to another.  That, of course, can be very time consuming. 

Imagine having to talk to four, five or six different bankers.  Then imagine having to fill out paper work for those 5 or 6 different banks.  And that's all just so you can get a mortgage quote.

New Jersey mortgage brokers on the other hand... 

...don't lend money.  Instead, they do the shopping for you.  That's right, they actually serve as your own personal loan shopper.  And the best part is, unlike a bank, a broker has access to tens, even hundreds of banks and lending institutions. 

So if one bank doesn't have a deal that fits your situation, a New Jersey mortgage broker can go to other banks and lending sources to get you the best deal possible. 

That's something a banker can't do.  They only have one offer to give you.  If you don't like that offer, they won't ask another bank if they have a better deal for your mortgage.  You're the one who has to contact another bank and shop around. 

Also, because brokers have access to more lending institutions than bankers, they are better able to obtain loans for people with bad credit.

So what's the bottom line when deciding
on a New Jersey mortgage broker or banker?

Not only can mortgage brokers save you time by doing all the shopping for you, they can also save you money by shopping for the best deal from hundreds of different sources. 

They aren't limited to just one lending source like a bank. 

Clearly, there are bigger advantages to using a New Jersey mortgage broker over a banker.  And that's why over 80% of mortgages obtained today, are done by brokers.

Not only can mortgage brokers save you time by doing all the shopping for you, they can also save you money by shopping for the best deal from hundreds of different sources.

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