FAQ
What states does Savvy Home Loans serve?
Savvy Home Loans currently serves clients in Florida. As we grow, we plan to expand our services to additional states. Stay tuned for updates!
What does a mortgage broker do?
A mortgage broker acts as an agent for the borrower, working with lenders to find the best mortgage for the borrower's situation, helping with the loan application process, including submitting applications to lenders, and can guide the borrower away from lenders with extra fees.
Can first time homebuyers use a broker
By utilizing the services of an experienced broker, you will gain a competitive edge in your search for your dream home! Trusting in a professional broker means access to a wider range of options, increasing your chances of finding resources, such as grants and lender incentives. So don't delay, start your search today with the help of a reliable and knowledgeable broker.
What Are broker fees and who pays them?
It is important to understand the ins and outs of the lending process. One crucial aspect to consider is the payment of fees. Generally, it is the lender who covers these fees. However, the borrower may pay them instead. If this happens, the borrower has the option to either pay the fee upfront or include it in their loan. Fees are disclosed upfront on The Broker Fee Disclosure and Agreement.
Is Savvy Home Loans a lender-paid or borrower-paid brokerage?
Savvy Home Loans primarily operates as a lender-paid brokerage, meaning our compensation comes from the lender, not you. However, we also offer borrower-paid options if that better suits your needs. We’ll guide you through both options to help you make the best choice for your situation.
How can I verify Savvy Home Loans?
You can verify Savvy Home Loans through the official NMLS Consumer Access website at nmlsconsumeraccess.org. Our NMLS number is 2661981, which you can use to look up our licensing and credentials. We’re committed to transparency and ensuring your trust throughout the mortgage process.