Guide
Why Michigan homebuyers use a mortgage broker
A broker shops multiple wholesale lenders. A single bank shops itself. Here is what that difference means in Wayne County.
One conversation, more than one investor
Retail lenders originate in their own name and keep you inside their overlay. A mortgage broker like Brad Seid, working through West Capital Lending, Inc., can present the same borrower to multiple wholesale investors. That matters when one desk hates condos, another wants extra reserves, and a third prices VA better this week.
Local files close differently
Downriver appraisals, city taxes, and older ranch housing stock are not theoretical. A broker who lives the market can flag issues before underwriting does — which is how you keep a Woodhaven or Taylor closing on the date your realtor promised.
You still choose the loan
Brad’s job is to explain the tradeoffs in dollars and time, not to push a house product. If the refinance does not break even, you should hear that. For the short checklist version of this topic, see five reasons Michigan buyers work with a broker.
Related loan programs
Keep reading
Ready to apply this to a real file? Start a secure application, read how pre-approval works, or call Brad at (248) 408-3855.