Mortgage Banker vs. Mortgage Broker vs. Mortgage Lender etc.

Mortgage Banker vs. Mortgage Broker vs. Mortgage Lender etc.
asked 2 years ago

Good morning,

 

I am in the process of beginning to look for my first home and I’m confused as to where to begin with the loan process.

 

Some details —

We are looking at a house out of our area, though in the same state, about 1.5 hrs away.

We have a, not necessarily odd but, different financial situation as my wife has only been on the books for a few months but has been employed her whole life and my job will become a remote position (I’m sure it will be secure but I don’t know how lenders feel about this).

 

Who (ie. broker / banker / lender) would be the best person to originate this with that can navigate my situation in an effort to get the highest loan amount possible? I’m sure I’d be approved for a loan with my credit, my concern is getting as much as possible, as I will likely be the only person on the loan. Please let’s not get into a debate about extending past one’s means. We know with certainty what we would be comfortable spending but worry that the banks may feel otherwise due to job history, relocating and not taking any of my wife’s income into account for the loan.

 

Also, how would I find a broker/banker? I’ve asked people for referrals, but no one has suggestions. Should I look for this person in the area I’m searching for a home, or does it not matter?

 

Thanks so much for your help.

 

-B

 

 

 

 

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