Why use a broker?
A Broker is your agent in the highly complex and ever changing mortgage industry. A Broker is an expert at navigating all steps in the mortgage process to insure that you, the borrower, are protected. At Badgerland Community Mortgage, we work with multiple lenders, including retail banks, all of which are competing for your business. Badgerland is able to compare lenders and pick and choose the program whose payment terms, interest rates, closing costs, and other factors are most beneficial to you, the borrower. Badgerland may even be able to get you a loan through your own bank at lower than retail prices!What is a no-cost refinance? Why doesn’t my bank offer this?
Many people don’t know that mortgage retailers can receive compensation from lenders in addition to any costs charged to the borrower for brokering a loan, depending on the loan product. Badgerland can use this rebate to pay your closing costs, allowing you to refinance at little or no cost to you!How does my credit score affect my application?
Credit scores are used as a risk assessment tool by mortgage lenders. Remember, a lender never meets a borrower face to face or sees a house in person, so they must rely on tools like credit reports and appraisals in determining their loan programs. Credit scores can affect whether or not you qualify for a mortgage and interest rates and payments on your mortgage. As a broker, Badgerland Community Mortgage is able to work with several lenders in order to find the loan program tailored to your credit and financial needs.Can you help me fix my credit?
There is no magic to fixing your credit. Paying your bills on time and reducing high interest debt remain the best ways to improving your credit score. A mortgage is an important piece of your credit report. Contact Badgerland to see if you qualify for an affordable mortgage which will allow you to build back your credit!How does a reverse mortgage work?
here are many types of reverse mortgages and cash out refinances. At a high level, these loan programs allow you to access equity from your house and use it for virtually anything, including down payments, home improvements, debt consolidation, college tuition, and more! Contact Badgerland today to find the right way to access the equity in your home!How do I pay off my mortgage faster?
Mortgage rates are currently at record lows, but they won’t stay this way for long! You may be able to refinance now, possibly at no cost to you, and pay off your mortgage faster while keeping the same monthly payment!How do I lower my monthly payment?
Mortgage rates are currently at record lows, but they won’t stay this way for long! You may be able to refinance now, possibly at no cost to you, and lower your monthly payment without extending the life of your loan or adding to your outstanding balance!F.A.Q.
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