Los Angeles Mortgage Brokers

Written by Stephanie Dula
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The real estate market in Los Angeles is typically very hot. This area boasts great weather, beaches, mountains, parks, and of course, first rate shopping and entertainment. There are over nine million people living in the greater Los Angeles area, and approximately 85 distinct communities from which to choose. LA's cultural diversity and widespread appeal make it an incredibly popular market.

Los Angeles Mortgage Lenders

There are countless mortgage lenders in the LA area, and it's important to know the strengths and weaknesses of the different types. Many people choose to apply for a mortgage through a bank, while others will use the services of a mortgage broker. There are a few differences between these types of lenders.

Banks employ loan officers to help buyers find a mortgage package that fits their needs. While they will often carry numerous types of loan products, they will all be generated and backed by their employer. Local banks can make some people more comfortable since they tend to know the ins and outs of the area's market.

Mortgage brokers can be thought of as freelance realtors, working with a variety of loan companies to find the best rate for their clients. This can sometimes work better for people with problem credit or unusual situations since brokers have a wide base of lenders from which to draw. Some online mortgage brokers will be able to help clients from across the country find a loan package tailored to their personal situations.

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