You Get What You Pay For

We all know how the saying goes "you always get what you pay for". For example, drive a Hyundai Sonata (not a bad car I actually own one) then drive a Lexus GS and you will see where the extra money goes. More horsepower, stability, and without stating the obvious it is simply a higher quality automobile. This can be experienced with one test drive. The price tag on the Hyundai is $23K while the Lexus hovers around $49K. Where did the whopping $26K go? As stated earlier, drive the Lexus and you will see . On top of that, a certain level of prestige and class comes with this automobile.

The same holds true for a home, lawn mower, rake, and even a mortgage broker. At some point in our lives we all deal with purchasing some or all of the above items; well perhaps not the mortgage broker but hopefully you will have the pleasure of using their services. What's my point? When you choose a mortgage broker you typically "get what you pay for". For instance, are you going to choose a lender because they are $500.00 less in closing costs? If you base your decision solely on this scenario then you will more than likely be making the wrong choice! This is not always the case but what if the broker who was $500.00 higher in costs was able to get you a .25% better rate because of his expertise, knowledge, and drive? Take this .25% and apply it to a $200K loan and your savings would be almost $1,500.00 through five years after you deduct the $500 in additional costs.

A professional, ethical, and honest mortgage broker will do everything in his or her power to get you the best possible loan at the best possible rate and deliver it in the best possible way. Although the cost may be slightly higher, the overall end result will save you money, time, and energy. Look past the "nuts and bolts" and dig deep into what you are getting and make an educated choice.

Brought to you by Professional Mortgage Group, Inc.
Your Columbia Missouri Mortgage Broker