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Oleg Potemkin (RA)  Hawaii Realty International, LLC  Honolulu Oahu Hawaii
  
Tel: (808) 398-9987   Fax: (808) 356-1737   Email: oleg@hawaii-realty.com

Hawaii Home Mortgage Loan - Limited Time Offer -  $1000 Cash Rebate after Closing!

Dear Home Buyer,

If you looking for mortgage brokers on Oahu or Maui, Hawaii you've come to the right place. A mortgage broker in Hawaii acts as an intermediary who sources mortgage loans on behalf of individuals or businesses. A mortgage broker in Hawaii brings borrower and lender together. A mortgage broker may also place loans with investors, but he does not collect the mortgage payments. Over 80% of home loans issued in the U.S. today are negotiated by mortgage brokers.

Difference between a mortgage broker and a loan officer:

A mortgage broker works as a conduit between the buyer and the lender and the loan officer typically works directly for the lender. Most US states require the mortgage brokers to be licensed. States regulate lending practice and licensing, but the rules vary from state to state. Most have a license for those who wish to be a "Broker Associate", a "Brokerage Business", and a "Direct Lender". A mortgage broker is a matchmaker between a homebuyer and a lender whose goal is to originate a mortgage loan. The mortgage broker draws from a pool of various lenders to find the right match for a home buyer. 

A mortgage broker is normally registered with the state, and personally liable (punishable by revocation or prison) for fraud for the life of a loan. A loan officer works under the umbrella license of their current financial company. Both positions have legal, moral, and professional liabilities to prevent fraud and fully disclose terms of the loan.

Typically, a mortgage broker will make more money per loan than a loan officer, but a loan officer can utilize the referral network available from the lending institution to sell more loans. There are mortgage brokers and loan officers at all levels of experience. For borrowers with poor credit history, or other unusual circumstances, finding a lender may be difficult task. A mortgage broker, having specialized knowledge and multiple lending sources, will normally be a valuable resource in obtaining financing.

Advantages of Using a Mortgage Broker in Hawaii.
A Hawaii mortgage broker should be able to save you considerable time and effort. A mortgage broker has access to many competing lending institutions, including banks, pension funds, trust companies and even private individuals. A Mortgage Broker deals with a variety of lenders. The Mortgage Broker does not have their own money to lend and they do not close home loans in their own name.  What they do is search tirelessly for the best deal for the borrower.

If your credit rating is important to you, then you also need to consider that when you shop for a home loan from lender to lender, there is an accumulation of inquires on your credit bureau report, affecting your credit rating and ultimately the rate and terms of your mortgage. This isn’t the case with a mortgage broker who only does one inquiry yet can still get many competing lenders to quote on your business.

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This information is accurate but may not apply to your actual mortgage agreement.  Consult a professional Realtor or Mortgage Company for a written quote.

Hawaii homes for sale
Your Hawaii Real Estate Specialist
Oleg Potemkin (RA)  Hawaii Realty International, LLC
1888 Kalakaua Avenue, Suite C-312, Honolulu, Hawaii 96815 USA
   Tel: (808) 398-9987   Fax: (808) 356-1737   Email: oleg@hawaii-realty.com 

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