A mortgage broker works directly with the borrower(s) and realtor to determine the needs of the buyer and then shops among various lending institutions for the loan products and rate that best fits the situation and borrower. A broker has no direct ties to any one institution and is free to work with any Wholesale lender. A broker can compare rates from several lender for instance, a banker can only sell their own rates. A mortgage broker is compensated either by the Wholesale lender or by the borrower but never by both, The Loan Officer is normally paid a flat fee or percentage of the loan amount that is set between them and the lender. If the fee is paid by the lender any amount over the set “commission” goes back to the borrower in the form of a lender credit. The mortgage broker can never make more than the agreed upon fee or percentage. The fees associated with your loan will always be disclosed upfront, including that amount to be paid to your loan officer. Once your loan is locked those fees cannot change unless specific disclosed changes are made to your loan.

As your mortgage broker, we will research the current market to identify competitive rates on loan program that are right for you.

There are six steps in the loan process: Mortgage Pre-Approval, House Shopping, Mortgage Loan Application, Loan Processing, Underwriting and Closing. Shoreline Mortgage Group in his to support you through the entire process.

We are licensed to service all the coastal regions of the Carolinas from Charleston, SC to the Outer Banks of NC