E.J. Murphy Realty
Heather Turri, E.J. Murphy RealtyPhone: (860) 605-5056
Email: [email protected]

What is a mortgage broker?

by Heather Turri 10/13/2024

Should you hire a mortgage broker featured image

Embarking on the homebuying journey takes much effort and research, as the market is constantly changing and purchasing a home is a huge financial commitment. This is why it pays to have real estate professionals such as an experienced mortgage broker on your side to aid you during the process. 

What is a mortgage broker?

A mortgage broker acts as a bridge for potential loan borrowers to compare different lenders to make an informed decision on where to find the best loan option for their home purchase. 

Using a mortgage broker helps borrowers compare interest rates, loan terms, benefits and more, saving homebuyers the time they would have spent comparing quotes on their own time. 

How do mortgage brokers get paid?

Mortgage brokers work to secure quality borrowers for financial institutions and are paid a percentage of the loan amount directly from the borrower or the lending company. 

The fixed percentage mortgage brokers are paid can’t be changed due to increased interest rates or the type of loan acquired. 

What is the benefit of a mortgage broker?

In addition to saving homebuyers time on searching for financing, mortgage brokers can also provide access to numerous lenders with the best deals available. A mortgage broker can also work directly with your lender to reduce or even waive mortgage fees once the loan is approved.

The homebuying journey is full of steps, paperwork and negotiations. Having a mortgage broker by your side can ease some of the burdens often associated with home financing, and can even save you money along the way.



About the Author
Author

Heather Turri

As a lifelong resident of Litchfield County, Heather is quite familiar with the beautiful Northwest Corner of Connecticut.  In partnership with her husband at Turri, Inc., in Torrington, she managed and grew a 30+ employee electrical contracting firm that served both the residential, commercial and industrial industries.  Currently residing in Goshen she hopes to transfer and utilize many of the skills she learned in contracting to the real estate industry.

Knowing how a vital community relies on its volunteers, Heather spent many hours in several capacities at local organizations that she admires.  She serves on the Woodridge Lake Finance Committee and House Committee,  Victoria Court Condominium Association (secretary) and Educating Canines Assisting with Disabilities (volunteer and nursery mom).  Heather has also been involved with Goshen Community Care & Hospice (president of board of directors), Warner Theatre (board of directors), LARC (volunteer), Festival of Trees (founder), the Northwest Chamber of Commerce, and Goshen Business Circle.  Heather also served as Vice President of Woodridge Lake’s Board of Directors.

In Heather’s spare time, she enjoys spending time with family usually in an active way by playing tennis, golf, boating, hiking and skiing.

Heather is honored to be a part of the E.J. Murphy team and hopes you will contact her with any of your real estate needs.