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Home > Financial Services > Mortgage Brokers > Pacific Direct Lending
Pacific Direct Lending
A mortgage broker is an individual or firm that acts as an independent agent for both the borrower and the lender of a mortgage loan. Mortgage brokers are the middleman between you and the lending institution, which can be a bank, trust company, credit union, Mortgage Corporation, finance company or even an individual private investor. A mortgage broker will analyze your financial situation to determine which lender is the best fit for your loan needs. He or she will submit your mortgage application to one or more lenders in order to sell it, and works with the chosen lender until the loan closes. He or she receives a commission from the borrower if the loan closes.
If Pacific Direct Lending Mortgage Lenders does not lend on your loan directly, they have established a wholesale business lending relationship with 378 national lenders over the last 60 plus years. They want you as a client. Their mortgage professionals will carefully evaluate your entire financial picture to determine the most advantageous mortgage program for you.
Then they do the hard work of finding just the right program and lender with the lowest possible rates and closing costs. Their Loan Consultants are professionals and are committed to your financial needs. Unlike mortgage brokers, their loan consultants aren't paid commissions based on the loan they recommend. They want to be your mortgage or financial advisor for life.
The Company view is in the long term. They are looking to provide a relationship and level of service that benefits you well into the future. After all, someone who understands your entire situation, and how it has developed over time, is best qualified to suggest how to finance your needs.
There are many types of loan programs such asfixed rate mortgages, adjustable rate mortgages, balloon mortgages, first time buyer programs, stated income programs, no point, no fee programs, imperfect credit programs, home equity line of credit and home equity fixed loan.
Pacific Direct Lending assists you through six basic steps in procuring a loan for buying a house or renovation of your home. The six steps are getting your documents organized, convincing the loan company that you qualify for the loan, explains the best loan plans from various companies available within your budget, applies for the loan, obtains approval for the loan, and assists in closing the loan.
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