An Arizona Mortgage broker can assist you with finding the best Arizona mortgage rates because the broker works with many lenders. If you just go down to your local bank branch, you are limited by the Mortgage products for that particular bank. Your Arizona mortgage broker will pre-qualify you for a mortgage, assist you with completing your Arizona mortgage loan application, lock your loan rate in and help you gather the financial information to process your loan. The underwriter will review your loan, an appraisal will be ordered and you loan will be processed.
Arizona Bank loan officer are employees of banks, lending institutions or credit unions that sell their company’s loan products. As a result they cannot offer you products outside the bank. While they have a variety of loans available to their customers, they are all loan products from their company. The loan officer also pre-qualifies you for a loan, helps you with the application and advises you of which of their company’s loan products you qualify for. They order the appraisal and proceed with your loan.