5 Common Mortgage Broker Facts vs. Myths
                      5 Common Mortgage Broker Facts vs. Myths
A mortgage broker has the utmost 
significance in the home buying process, 
but there are so many misconceptions 
surrounding them. Please check out some 
of the most common myths and learn about 
the facts about mortgage brokers:
Myth 1 – A Mortgage broker 
charges high fees.
Fact – Even if some mortgage brokers may 
charge fees, they negotiate lower interest 
rates and fees on your behalf. So, you can 
take advantage of significant savings over 
the life of your loan.
Myth 2 – Mortgage brokers only 
work with a few lenders.
Fact – Mortgage brokers have access to a 
wide array of mortgage lenders which 
allows them to find the best loan option for 
your specific requirements. Comparing 
rates, terms, and fees from multiple 
lenders, they can get you the most 
competitive deal.
Myth 3 – Working with a 
mortgage broker takes longer.
Fact – Mortgage brokers can process 
your loan application much faster than 
banks or credit unions. They have 
established relationships with mortgage 
lenders and can manage the application 
process effortlessly.
Myth 4 – Mortgage brokers don’t 
have your best interests at heart.
Fact – Mortgage brokers are legally 
obligated to work in your best interests. 
They are paid a commission by the 
lender which means they have an 
incentive to find you the best possible 
loan terms.
Myth 5 – Mortgage brokers are only 
limited to first-time home buyers.
Fact – Mortgage brokers can help 
home buyers throughout the process, 
from first-time buyers to experienced 
homeowners. They can help you with 
refinancing, reverse mortgages, and 
other complex loan types.
Why Should You Work with a Mortgage Broker?
Expertise – Mortgage brokers have extensive knowledge of the mortgage market and can 
guide you through the loan application process.
Time-saving – Brokers can handle paperwork and communication with lenders effectively 
while saving you valuable time and stress.
Accessibility to Different Lenders – Brokers can compare different offers from multiple 
lenders to find out what works best for you.
Negotiation skills – Mortgage brokers can negotiate lower interest rates and fees on your 
behalf.
How Do You Choose a Mortgage Broker?
Referrals – You can ask your friends, family, or colleagues for recommendations.
Experience – You should look for a broker with experience in the type of loan you need.
Communication skills – You should ensure that the broker is easy to communicate with 
and responsive to your questions.
Fees – You should be upfront about fees and charges.
Final Conclusion
Best Mortgage brokers in Texas can make invaluable assets in the home-buying 
process. Understand the facts and debunk the myths so that you can make an informed 
decision about whether to work with a broker and choose the right one for your needs.
When looking for the best Texas mortgage brokers, you should choose no other than Aliton
 Finance Texas. We are dedicated to exceeding our client’s expectations so that we can 
grow and establish long-term relationships with families throughout Texas. For more 
information about our mortgage broker, please contact us today at +1 (972) 998-8522.
CCONNTTAACCTT  UUSS
AAlliittoonn  FFiinnaannccee  TTeexxaass
hhttttppss::////aalliittoonnfifinnaanncceettxx..ccoom
  Addddrreessss::  22550000  NNEE  Grreeeenn  Oaakkss  
BBllvvdd  SSuuiittee  220022AA
  
PPhhoonnee::  997722--999988--88552222
  [email protected]  
FFoorr  qquuiicckk  pprroocceessssiinngg,,  yyoouu  ccaann  aallssoo  fifillll  oouutt  oouurr  sshhoorrtt  ffrroom  applliiccattiion  aatt  
hhttttppss::////aalliittoonnfifinnaanncceettxx..ccoom//ccoonnttaacctt--uuss//..  IIff  yyoouu  hhaavvee  aannyy  qquueessttiioonnss,,  pplleeaassee  
ccoonnttaacctt  uuss  aatt  997722--999988--88552222..