There has been a lot of talk recently, both good and bad about mortgage brokers. Mortgage lenders have been under a lot of scrutiny recently and legislation has been put in place (and more is in the works) to ensure that protects consumers.
Mortgage brokers can still be a good thing. They can do a lot of the hands on shopping for a home loan for you. So here we have a list of the brokers in the Rhode Island area, (you can find not only mortgage lenders for the Rhode Island area but anywhere else in the United States through our navigation!) so that you can start the shopping process. A good mortgage broker knows more about loans than a good banker will ever be able to get their hands on because they have a wider market. Their job is to shop dozens, sometimes hundreds of loans to find one that fits your needs.
First though see if you can see how much the mortgage broker is going to charge. Ask your Rhode Island broker up front how they will be paid and see if you can get it in writing that they are working in your best interest, they may not be willing to do this but it can’t hurt to ask. Also, check with several of the mortgage lenders in Rhode Island until you find one you feel comfortable with and that you can trust.
A good mortgage broker can save you endless hours applying and shopping for loans. You give them the information once and then they have to do all the shopping and so many of us are willing to pay the Mortgage brokers fee to save all those hours of comparison shopping.
If for some reason none of the Rhode Island mortgage brokers resonate with you, don’t hesitate to check another city in the state, or even a different state if you want to. A lot of times they don’t have to be local to work for you and it is more important than anything else that you can trust your mortgage broker and are comfortable with them.
If you had an amazing experience with a Rhode Island mortgage lender and you don’t see them on the list, drop us a line. We would love to hear about them and maybe even add them to our list. Don’t forget, America Top 10 is all about helping consumers find the best, through the opinions of other consumers!
They offer superior customer service, quick response times, and a professional staff that can provide you with the tools and information to get you into your next home. Residential Mortgage Services Corporation is a Direct Lender who concentrates on four crucial components that they find to be essential to their clients, investors, their staff, and the communities in which they serve. They value their clients’ wants and needs and focus on building relationships that stand the test of time. They understand the responsibility to everyone who has a stake in the business to operate with awareness of the ever changing market, efficiency, and due diligence.
Founded in Middletown, Rhode Island in 1983, Embrace Home Loans offers a full range of home loans and other credit services to consumers around the country. For over 30 years, they have worked with a variety of customers, including first-time home buyers and home owners looking to refinance to consolidate debt, lower payments, or obtain cash for important projects and life events.
At HomeBridge Financial Services, Inc., their mission has always been to simplify the mortgage lending process. As one of the nation’s largest privately held, non-bank lenders, they specialize in facilitating and securing home mortgage financial solutions.
East Providence, RI
Province Mortgage Associates is a leading regional mortgage broker, serving the needs of residential and commercial clients by providing a variety of lending options, and placing service to the customer as their number one priority. They provide exceptional customer service, treating their clients with respect and dignity. They are devoted to earning their clients’ trust, developing long-term relationships by providing quality service and products that meet clients’ specific needs.
They provide extra ordinary service with great rates and most of all with integrity. It is created with professionalism of the old banking industry combined the tremendous product variety available to the broker world.
First Home Mortgage Corporation was founded in November 1990 by Chief Executive Officer, Dave Waters. The company began with two offices and a handful of employees dedicated to a common vision; to stay local and be independent. Their personal service allows them to fully understand your needs and financial plans. Their responsiveness and expertise allow them to offer a variety of lending options that will save you money over the life of your loan.
Finance of America Mortgage, LLC formerly known as Alpine Mortgage Planning was founded to assist individuals and families with the integration of the home loan into their overall short and long term financial goals and cash flow objectives. Their advisors provide valuable professional advice combined with exceptional customer service to exceed your needs and expectations.
Carrington Mortgage Services is a fully integrated mortgage company with lending and mortgage servicing operations. The company is licensed to help clients find and obtain a loan, in many states across the U.S.