Unconventional Mortgage Broker Solutions | A Wealth of Information and Service
Contact a Loan Officer (800) 718-8906
Contact a Loan Officer (800) 718-8906
BrokerMortgages.com is a mortgage information resource and full service mortgage broker channel designed to help borrowers research real-world loan programs, understand available financing options, and identify potential mortgage solutions before unnecessarily moving into a full loan application and credit approval process.
Unlike many mortgage websites built primarily around advertising interest rates or promoting a limited selection of loan products, our focus is on mortgage program availability. We provide information about conventional and unconventional mortgages, wholesale lending options, alternative income documentation, lender guidelines, borrower eligibility, property requirements, and specialized loan programs that may not be readily available through a traditional bank or retail lender.
When you are ready for assistance, the research does not stop at the website. A mortgage professional can review your individual loan scenario and help determine which available programs may fit your financing objectives.
We believe borrowers should be able to explore their mortgage options before being asked to complete a full loan application or authorize a hard credit inquiry.
That is why we offer a mortgage prequalification process that can begin without a credit check.
You can provide information about the property, transaction, income, employment or self-employment, assets, existing debts, estimated credit profile, requested loan amount, and other relevant details. Depending on the loan scenario, we may also ask to review supporting documentation before recommending that you move forward with a full application.
The objective is to learn enough about the loan first.
A full mortgage application should not have to be the first step simply to find out whether an appropriate loan program exists.
For many scenarios, we can first perform a preliminary review based on the information you provide. This may include evaluating:
For self-employed borrowers, the review may go further. Bank statements, 1099s, profit and loss statements, business records, assets, or other applicable documentation may help determine whether an alternative method of documenting income should be considered.
For real estate investors, the qualification method may instead depend on rental income, DSCR, property cash flow, the proposed leverage, or a No Ratio program.
The goal is not to replace formal underwriting. It is to determine whether there appears to be a reasonable financing path before asking you to proceed further.
Mortgage guidelines can differ substantially from one lender to another.
A borrower who does not qualify under one lender’s guidelines may qualify under another program because of differences involving income documentation, credit requirements, debt-to-income, loan-to-value, reserves, property eligibility, loan size, seasoning requirements, or other underwriting criteria.
Beginning with a full application at the wrong lender does not solve that problem.
We prefer to first understand the borrower, the property, and the objective. We can then research the financing options and determine what additional documentation or information is actually relevant.
This can provide better expectations before the formal application and underwriting process begins.
A hard credit inquiry is not required simply to begin discussing your mortgage options with us.
Our Mortgage Prequalification Form allows you to submit a loan scenario using your estimated credit information. When appropriate, additional credit review options may also be discussed before a hard inquiry is required.
A full credit report and complete mortgage application will still be required when necessary for formal loan approval and closing. The difference is when that step occurs.
We prefer to first determine whether the loan scenario and potential programs warrant moving forward.
Mortgage brokers are not limited to the loan products of one bank or one retail lender.
Through the wholesale mortgage channel, different lenders may offer different programs, underwriting guidelines, pricing structures, loan amounts, documentation methods, property eligibility requirements, and lending niches.
This becomes especially important when a mortgage does not fit standard agency underwriting.
Depending on the borrower and property, potential financing options may include conventional mortgages, Non-QM programs, bank statement loans, 1099 Only loans, P&L-Only programs, asset based qualification, jumbo and Super Jumbo mortgages, DSCR loans, No Ratio investor programs, second mortgages, Interest-Only financing, Foreign National programs, ITIN mortgages, and other portfolio loan options.
The purpose is not to fit every borrower into an unconventional mortgage. It is to have more than one lending path available when conventional financing is not the best or only option.
BrokerMortgages.com provides both.
The website is an information resource where borrowers can research mortgage programs, documentation requirements, loan structures, lender niches, and qualification options.
Our mortgage broker service takes the next step by applying those options to an individual borrower and property.
You may already know exactly which mortgage you are looking for. Or you may simply know the financing objective and need help determining which type of loan can accomplish it.
Either way, the process begins by understanding the scenario.
If you are purchasing a home or investment property, refinancing, taking cash out, consolidating debt, obtaining a second mortgage, or researching a specialized mortgage program, you can begin with our Mortgage Prequalification Form.
A full mortgage application and hard credit inquiry are not required simply to ask us whether we may have a loan option for you.
Tell us what you are trying to accomplish first.
We can then review the scenario, identify potential financing options, explain what may be required, and determine the appropriate next step.