Buying a home in the Chicago metro area is undoubtedly the biggest financial decision you’ll make in your life. Making it a smart decision depends on several factors including the kind of mortgage you have. Whether you need a 10-, 20-, or 30-year mortgage, shopping for the best mortgage rates and terms is as important as choosing the house you want to buy.

So where do you go to find the best mortgage for your financial situation? A bank or a mortgage broker in Chicago?

“…when you work with a mortgage broker instead of a bank, a new world of mortgage options is suddenly available to you.”

It’s a fact that banks are very limited in the types of mortgages they can offer you, and they have rigorous qualifications which many mortgage seekers may not be able to meet.

In sharp contrast, when you work with a mortgage broker instead of a bank, a new world of mortgage options is suddenly available to you.

Successful mortgage brokers provide many unique benefits that banks aren’t equipped to offer. These are just five of the key benefits you’ll enjoy when working with a mortgage broker in Chicago.

1. Connections to Multiple Mortgage Lenders

Just like an insurance broker who represents several insurance companies and can recommend the best premiums and plans for your needs, mortgage brokers have the same type of relationships with different non-bank mortgage lenders. As a result, mortgage brokers have an in-depth understanding of the types of quality mortgage loan programs each non-bank lender handles.

2. Save Thousands of Dollars on Your Mortgage Loan
With all their connections with non-bank lending institutions, Chicago mortgage brokers will shop around to find a perfect match for your needs with the added advantage of lower rates and fees than any bank. You won’t have to waste your valuable time talking to a mortgage lender who charges too much or who won’t do business with you.

Top mortgage brokers offer you different lending options and more opportunities for special financing than big banks can offer.

3. Faster Response Time
Big banks have busy, bloated mortgage departments where you just become another number and must wait your turn. The whole mortgage approval process becomes drawn-out and tedious, creating intense anxiety among mortgage seekers. Mortgage brokers are not big banks, so you’re not just a number to them. Mortgage brokers ease your anxiety by working harder on your behalf and by getting things done faster.

4. Personal Customer Service
The best mortgage brokers in Chicago work directly with you every step of the way, helping you through the entire process. They will give you their personal cell phone number so that you can call them anytime with your questions and concerns.

5. Special Financing Options
Top mortgage brokers offer you different lending options and more opportunities for special financing than big banks can offer. This is a powerful benefit that results in getting your mortgage approved, faster, more easily, and at lower cost.

Mortgage brokers are in a unique position to help transform the biggest purchase of your life into the smartest financial decision of your life.

A and N Mortgage Services Inc, a mortgage broker in Chicago, IL provides you with high-quality mortgage loan programs tailored to fit your unique situation with some of the most competitive rates in the nation. Whether you are a first-time homebuyer, relocating to a new job, or buying an investment property, our expert team will help you use your new mortgage as a smart financial tool.