Welcome to Tatom Lending. Tatom Lending is a Houston mortgage broker with an emphasis on educating, empowering, and protecting homeowners, home loan borrowers, and home buyers.
Benefits of Using a Houston Mortgage Broker Over Your BankUnlike Your Bank, Mortgage Brokers Have Access to Many Lenders
Unlike your bank that only has access to their own mortgage rates, Houston mortgage brokers have access to many different lenders. Many lenders focus on different types of borrowers. These different borrowers may include high credit score borrowers, first time home buyers, less than perfect credit, FHA loans and Veteran loans to name a few. This means mortgage brokers can shop around on your behalf and compare rates from many different lenders. If you go directly to your bank and you don’t fit the profile of what your banks strengths are, you will most likely get a rate and term that is not favorable to you. But a mortgage broker can find the lender that best fits your strengths and weaknesses. This results in getting the best rate and terms, because a Houston mortgage broker finds the lender that is best suited to your needs.
They Know the Business Better
In most cases, your banker deals with many types of loans. While this may benefit you if you require a niche type of loan. If you need a home loan, a Houston mortgage broker is probably better suited to your needs. This is important because there are many factors that determine interest rates and fees of a mortgage. These factors include your credit score, down payment, loan to value, income, debt ratio, loan amount and your spending habits etc. For example, if you have a lot of credit card debt, this could affect your interest rates, because your lender will determine that you have a higher risk of not being able to make payments. A seasoned mortgage broker will show you how to make your loan more attractive to lenders.
Mortgage Brokers are More Available
Banker’s deal with many different types of loans and customers. Bankers deal with retail loans, personal loans, commercial loans and residential loans to name a few. In most cases they prioritize the bigger money commercial clients. Mortgage brokers on the other hand know how stressful going through the loan application process can be. Especially when some unexpected hurdles arise. When you work with a mortgage broker, they are there for you and are usually more availab0le than their banker counterparts. A Houston mortgage broker has more time to find a loan that’s right for you and your specific needs. Mortgage brokers know how to overcome many of the hurdles that come up with underwriters and more importantly, they have the time to go over with you how to overcome them. Having a mortgage broker who is available when you need them can be extremely helpful.
Mortgage Brokers Will Help You Make the Right Decision
Mortgage brokers will help you find the best possible loan based on your financial situation. Sometimes, finding the best home loan for your situation can be a challenge if you don’t know where to start. But this is what a Houston mortgage broker does. This is their job. They can help you find out what kind of loan type (adjustable. Fixed, investment, short term or long term etc.) and what the repayments will be, so you can make an informed decision about on how to proceed next.
We offer honest solutions to the lending process with the utmost respect for integrity and our client's financial goals. Although we work with many wholesale banks and lending institutions; we do not work for a bank. We work for you; and our existence depends on your success. We believe that the terms of your loan are just as important as the rate, and that's why we supply our clients with options and run in depth calculations to help you better understand the impact of your decision.
So, if you are looking for a Houston mortgage broker to purchase a new home, refinance an existing home, or access your equity, look no further. Protecting your home and family is our business.