Banks Vs Mortgage Brokers: Who Should You Choose in South Carolina?

When it comes to choosing a lender for your next home loan or refinance in South Carolina, you have two main options: a bank or a mortgage broker.

Both have their pros and cons, but in general, mortgage brokers like Benji Gecy of Beaufort Lending tend to offer better rates, more loan options, and faster service than banks. 

Let's start with rates. Mortgage brokers have access to a wide range of lenders, which means they can shop around for the best rates on your behalf. Banks, on the other hand, only offer their own products. This lack of competition means that banks don't have to work as hard to earn your business, which often results in higher rates. 

Next, let's talk about loan options. Because top rated mortgage brokers in South Carolina work with multiple lenders, brokers can offer a wider variety of loan products than banks. This is especially beneficial if you have less-than-perfect credit, as there are a number of loans designed for borrowers with less-than-ideal credit scores. Banks, on the other hand, tend to only offer conventional loans, which can be difficult to qualify for if your credit isn't perfect. In addition, nobody treats our veterans better than Beaufort Lending. Thank you for serving our country!

Finally, mortgage brokers are more committed to getting your loan closed than banks. Banks in South Carolina and across the United States, for example, are huge businesses with thousands of customers, so your loan is not as critical or important to them as it is to your local mortgage broker, like Beaufort Lending. Beaufort Lending, your local mortgage broker, is more invested in giving you a loan than large banks because to them, you're not just another number.

Unlike some of the other large, faceless banks and lending institutions out there, professional mortgage brokers like Benji Gecy truly rely on 5-star google reviews and repeat business from satisfied customers. That means they're much more likely to go above and beyond to get your loan approved quickly without the typical hassle from banks.

When you're ready to choose a lender for your next home loan or refinance in South Carolina, be sure to compare rates from several lenders. And then, when you're ready to chat with someone about your options, reach out to Benji Gecy of Beaufort Lending. With Benji Gecy's help as a leading mortgage broker in South Carolina, you're likely to get better rates, more loan options, and better service than you would if you went with a bank.

Interested in keeping up with the latest info about mortage rates and other relatated industry news? Sign up for Benji's exclusive FREE newsletter here.

* Specific loan program availability and requirements may vary. Please get in touch with the mortgage advisor for more information.

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