In-house Loan Services

Many major real estate companies offer their own mortgage affiliate, however buyers should not feel pressured to use the in-house loan services.

  • In-house loan services are not new, but they have become important since the market declined. When the lending environment started to become restrictive, the need to have a mortgage broker in house who could give preapprovals that actually worked became important to real estate brokers.
  • Relationships between real estate brokers and in-home mortgage brokers can benefit buyers by providing access to the loan officer or mortgage broker. This may reduce processing time, and possibly fees.
  • While using an in-house mortgage service may be beneficial and help increase the process, buyers have the right to select any lender they want. Federal law prohibits agents from steering clients to a particular mortgage company or lender, and from accepting payment for referrals.

  • It’s important that borrowers do their homework, check all fees, and request the Good Faith Estimate, regardless of which lender they choose.

Menifee Rental of the Week

 Pebble Beach is a stunning 3 bedroom 2 bathroom SENIOR home with 1708 square feet of room. This quaint senior home is a MUST SEE. It has a large living room, huge family room, decent sized kitchen with a lot of storage. It comes equipped with an in-door laundry room off the kitchen and roomy bedrooms! This is an AMAZING senior home. The backyard is large with a lanai! Ready for a garden as well! Come take a look at this property, you will fall in love!