Frequently Asked Questions (FAQ's)

Why Should You Use a Mortgage Broker?

A professional mortgage broker is trained to assist you, the consumer, in obtaining the best real estate loan available according to your needs. Mortgage brokers are not tied to one source of funding, but can obtain funds from a wide variety of investors who offer hundreds of loan programs.

Because each of these investors establishes their own criteria for credit, property and income, a mortgage broker can almost always match your needs with a program to suit those needs.

Who Should Use a Mortgage Broker?

Since mortgage brokers arrange real estate secured loans, any current or prospective real estate owner can utilize their services. A mortgage broker can often save a great deal of time and effort by shopping the lending market for the loan program which is right for the borrower. When using a mortgage broker, a borrower makes just one loan application rather than applying more than once at various other lending institutions. A loan request made through a mortgage broker is then fully processed in the shortest amount of time possible.

Mortgage Brokers are Competitive

Many banks and mortgage companies originate their loan portfolios strictly through mortgage brokers. A broker is more likely to have the right program for you than any other type of lender, making mortgage brokers very competitive with mortgage bankers and other savings institutions.

Use a GAMB Member for Your Real Estate Loan

We recommend that you choose a mortgage broker who has demonstrated his or her professionalism by becoming a member of our Association. To obtain the names of GAMB members in your area, call 770.698.0023, or send your request by e-mail, or use the "Member Directory" function on our web page.