Competitive Home Lending is committed to increasing awareness that could save the average homebuyer thousands of dollars on their home loan.
The top ten mortgage lenders make up over 47% of the market share. Aside from excellent customer service and great mortgage loan programs, these leading companies extend lower wholesale mortgage rates through authorized mortgage brokers such as Competitive Home Lending. Despite the cost-saving opportunity these mortgage lenders offer through lower-cost local mortgage broker channels, less than 30% of borrowers benefit from the savings. ‘It is our responsibility to extend the opportunity to make home ownership more affordable to families buying homes in Texas,’ says mortgage broker Raul Hernandez. Based on the average home price in the Dallas area, paying a retail mortgage rate can cost homeowners up to $30,000 more in interest payments over the life of the loan.
Current mortgage rates are always posted to easily compare mortgage rates and encourage buyers to shop for the best lender. ‘We offer the exact same home loans directly from the nation’s best lenders but at a lower mortgage rate that is not padded with the added cost of loan officer commission,’ says Hernandez.
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Current Mortgage Rates
Working directly with a mortgage broker eliminates the cost of paying a loan officer’s commission that adds to the cost of homeownership. However, it is difficult for homebuyers to find a mortgage broker in a market saturated with loan officers. The NMLS consumer access directory is a great way to verify if the loan officer handling your home loan is the company’s broker.
Real estate agents looking for ways to add value to the service they offer their buyers are partnering with Competitive Home Lending. The list of real estate agents learning about the benefits a lower mortgage rate offers their clients is growing. Our network of real estate agents knows lower mortgage rates attract more buyers due to the lower mortgage payments. Agents have been able to show higher-priced homes to their clients thanks to our lower rates. This gives agents an advantage in a competitive market.
Competitive Home Lending
As a local Texas mortgage broker specializing in wholesale mortgage loans, Competitive Home Lending focuses on spreading awareness of below-market mortgage rates.
Prequalify for a Home Loan in Texas
We make it easy to determine if you can prequalify for a home loan in Dallas, Texas, and the surrounding areas. Apply for a mortgage pre-approval today.
It’s Time to Turn Your Real Estate Dreams Into Reality
Applying for a home loan can feel overwhelming, but it doesn’t have to be when you choose Competitive Home Lending. We work with all the top mortgage lenders in the country to ensure that you get the best home loan for your needs at the lowest rates and with minimal closing costs. In addition, we make the entire process simple, so you can spend less time dealing with loans and more time searching for a loan.
If you are in the process of buying a home, the first step is to get prequalified. Give us a call today or apply online to find out how much you qualify for.
We’ve Got Your Back When It Comes to Buying a Home
Choosing a lender for your mortgage is one of the largest financial decisions you will make in your life. The right mortgage lender can save you thousands of dollars in interest upfront and over the course of your loan. See how Competitive Home Lending has your back when buying a home.
We Have a Local AdvantageÂ
When applying for a loan, location matters. We work exclusively with clients in the Fort Worth-Dallas area, including North Dallas, Collin County, Plano, McKinney, Allen, and Frisco. We know the local real estate market and mortgage rates inside and out, and we can help you get the best deal in the area.
We Work for You, Not the Bank
We are mortgage brokers, not mortgage lenders. This means we work with all the top lenders in the industry to ensure that you are getting the best mortgage at wholesale rates and the highest chance of home loan approval. This means lower interest rates, fewer closing costs, and less hassle.
Access the Lowest Rates PossibleÂ
We work closely with all the lenders we partner with to ensure we have access to some of the lowest mortgage rates in the industry. This can save you thousands of dollars or more over the course of the loan.
We Have Solutions for a Wide Range of Credit Scores
Even if you have good credit, it can be hard to get a loan, especially if you are self-employed or don’t have a long credit history. However, because we work with so many lenders, we can often find a solution for your needs, even if you weren’t able to get a loan from a bank or other lender. One application works with many mortgage lenders!
Our Team Is Always Here for You
Getting a mortgage can feel overwhelming, from pre-approval to the final closing. However, as local mortgage brokers, we are always here to help you with any questions. We will be there every step of the way and will help you navigate any bumps in the road. Give us a call or visit us in person with any questions.
Why Choose a Mortgage Broker Instead of a Bank?
When many people begin the loan process, they head to their local bank. However, that’s not always the best idea for your financial future. Banks often have limited options when it comes to getting a loan, and you may not get the best rates, or you might not qualify at all. See why a mortgage broker like Competitive Home Lending might be a better choice.
More Options = Better Rates
Banks can only offer you the loans they provide. A mortgage broker can help you instantly compare loans from many institutions so you can get the best rates and lowest closing costs. This allows you to see all your options and choose the best loan.
Lower Rate = More Home for Your Money
A lower rate means more than just saving money on interest. It also means you have more purchasing power. This can mean a larger home that better fits your needs. Often, it can be the difference between buying a “starter home” and your dream home.
Fewer Closing Costs = Less Cash to Close
Closing costs can eat up a considerable portion of your down payment. When you choose a mortgage broker, we can also help you find loans with minimal closing costs. This not only saves you money but also allows you to offer a larger down payment and make your offer more attractive to sellers.
The First Step to Buying Your Home Is Getting Preapproved
If you’re considering purchasing a home, most realtors will want you to get preapproved before you begin looking at homes. Being preapproved also allows you to determine exactly how much home you can afford, and a pre-approval letter can make your offer more attractive to sellers. Pre-approval shows that you are serious and have already taken steps towards securing financing.
During the pre-approval process, we will look at your credit score, current income, buying power, down payment, and outstanding debt to determine how much money lenders might be willing to lend you for a mortgage. If you qualify, we can issue you a pre-approval letter so you can begin searching for your new home.
Why Choose Competitive Home Lending?
When you choose Competitive Home Lending, you can trust that you are in good hands. We have over 20 years of experience and are licensed to operate in Texas. We’ve helped thousands of families get the financing they need to get into homes they love.
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