Yes — a broker can almost always beat your bank. Here’s why, and here’s the catch.
Your bank has one set of guidelines. If your file doesn’t fit them, the answer is no — and nobody tells you which lender would have said yes. I work with more than 40 wholesale lenders, so instead of you fitting one rulebook, I find the rulebook that already fits you.
The catch, since you asked: I’m not always the cheapest quote you’ll get. I’m the one who gets your loan closed on time, in the right program, without a surprise three days before closing.
And I charge $0 lender fees. That’s not a discount I’m running. I just don’t charge them.
Where this actually matters
Anyone can place an easy file. The difference shows up when yours isn’t easy:
You’re self-employed
Your tax returns don’t show what you actually earn. There are lenders who qualify you on bank statements instead. Your bank almost certainly isn’t one of them.
Your credit is under 620
Some lenders stop there. Others go considerably lower. Knowing which is which is the entire job.
Another lender already told you no
The useful question is no because of what? Income, property, credit, or one specific guideline? A no from one lender is frequently a yes from another.
Your situation has a wrinkle
Retirement funds as reserves, a jumbo cash-out, rental income, a recent job change. These are solvable. They’re just solvable at specific lenders.
How I work, in three lines
You tell me your situation. No credit pull, no application.
I find the lenders that fit it and tell you what each one would actually do.
If one of them is worth doing, we do it. If none of them are, I tell you that too.
No credit pull · No application · No pitch
Tell me your situation
Your name, your number, and a sentence about what you’re trying to do. I look at it myself and call you back the same day.
Rather put time on the calendar? Book a 15-minute call.
If I don’t pick up, I’m calling you back the same day.
Russell Stout · Texas Mortgage Consultants, PLLC · Austin, TX · closing loans since 2001 · licensed statewide in Texas · NMLS #1843758 · Russell Stout NMLS #220896 · Licensed by the Texas Department of Savings and Mortgage Lending · Equal Housing Lender.