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I define a Mortgage Broker as an independent mortgage professional who originates your home loan, takes your application, and processes your home loan, gathering all necessary documentation.
As a Mortgage Banker with Merrimack Mortgage Company we can do more than a Mortgage Broker can do. A Mortgage Banker will start by doing the same things as a Broker: Originate the home loan application and process it. But a Mortgage Banker will go one step further and be the party that underwrites (or approves) your loan and then closes the loan with their own funds. The plan is for the Mortgage Banker to sell your loan (or the rights to it) on the secondary market (usually to Fannie Mae or Freddie Mac) for a profit. Sometimes the Mortgage Banker will keep the servicing of your mortgage in-house or they will assign the servicing responsibilities (where you make your payments to) to another institution.
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Wherever you are from in New Hampshire I am here to help you with your purchase or refinance. If you are a first-time home buyer or looking for a new home for your growing family: I can help you! From Nashua to Lebanon, Keene to the Seacoast: I can help you! I am from Amherst and my office is in Bedford, I have been helping new buyers and home owners like you for over twenty years! Call me today!
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