Orange County Mortgage Brokers

Written by Stephanie Dula
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Orange County is filled with lending agencies willing to work with a variety of people who have varying credit scores and histories. This diverse and very desirable area is known for its great weather and high quality of life. Whether a first time homebuyer or a seasoned veteran, it's possible to find a suitable mortgage broker in the Orange County area.

Orange County Mortgage Brokers

Mortgage brokers are different from loan officers at the bank in that they have the ability to use a variety of lenders, depending on which is right for the borrower's specific situation. They take the financial information from the borrower and try to match it up with a lender who provides a reasonable offer for the price range. Much of the preliminary research involved in finding a good mortgage broker can be done online.

Before the actual application process begins, a client's credit score will be examined carefully as well as other major financial indicators. The credit score, while important, will serve as a guide to an individual's financial profile. While someone may have a low score, he or she may also have a large down payment or a low debt-to-income ratio, making it possible to get a relatively good rate on a loan.

If an individual's application is denied, he or she has the right to know why. During the 60 days following a credit or loan denial, it's possible to obtain a free copy of one's credit report to provide the consumer with all the facts. The lender should provide a written statement to the individual regarding the reasons the application has been declined.


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