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09.18.18

10 Reasons to refi with FHA
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Bank, Broker, Mortgage Banker... whats the Difference


May 14, 2010
A BANK is your local financial institution that also provides you a checking or savings account. They usually have, limited, options for your mortgage. Sometimes they are competitive, but sometimes, since they only have a few options, they may be higher. They fund your mortgage with their own funds.

A BROKER use the bank's funds and brokers your options. This option is going away with the mortgage industry changes.

A MORTGAGE BANKER uses their own funds to facilitate your transaction. They may only have a few options or choices for you.

The Cap Grow Choice: We are a hybrid bank/mortgage bank. We offer the best of both worlds. We have the financial stability of a bank, but we also offer you options. Options means that Rick can shop for you in regard to who offers you the lowest rate options!

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