Explore the Mortgage101 Library
Check Local Mortgage Rates
Today's Average
4.05%
Calculators
FEATURED CALCULATORLoan Program Choices
Use our calculator to find out your estimated monthly payment in advance: Enter the loan amount, interest rate, and length of mortgage.
Try our Mortgage Payment Calculator
TERMINOLOGY
Upfront mortgage brokers provide a level of information that is simply not there with conventional mortgage brokers. Upfront mortgage brokers have grown in popularity in recent years and many are still turning to them. Here are a few reasons that you should consider an upfront mortgage broker over a conventional one.
Known Costs
With an upfront mortgage broker, you will know everything from the beginning. You can obtain all of the information that you need from them immediately. Closing costs, fees, and everything else will be disclosed from the beginning. You will have no hidden fees or costs associated with the loan. Many other lenders will try to keep everything under wraps until the end.
Anonymity
Working with upfront mortgage brokers, you can remain anonymous until the time is right for you. You can access their website and enter basic information about yourself. You enter the state you live in, your age, your income, and how good your credit is. They will then give you an accurate quote based on the information that you submit. They will not check your credit yet or bombard you with any offers. They cannot solicit you if you do not give them further information.
Known Costs
With an upfront mortgage broker, you will know everything from the beginning. You can obtain all of the information that you need from them immediately. Closing costs, fees, and everything else will be disclosed from the beginning. You will have no hidden fees or costs associated with the loan. Many other lenders will try to keep everything under wraps until the end.
Anonymity
Working with upfront mortgage brokers, you can remain anonymous until the time is right for you. You can access their website and enter basic information about yourself. You enter the state you live in, your age, your income, and how good your credit is. They will then give you an accurate quote based on the information that you submit. They will not check your credit yet or bombard you with any offers. They cannot solicit you if you do not give them further information.
More Articles...
What Are Typical Mortgage Down Payments?
FHA Eligibility with Bankruptcy and Foreclosure
- Short Selling a Rental Property
- Alternatives to Getting a 2nd Mortgage
- Appraisal Basics
- Home Equity Loans for People with Bad Credit
- Low Down Payment Loan Qualification
- 3 Warning Signs of Loan Modification Scams
- How to Get Approved for an FHA Loan despite Bad Credit
- What Lenders Don't Reveal About Home Equity Loans
- FHA Loans for a First-Time Home Buyer