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.
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.
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.
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.
Terese Ferrara is a long-time resident of the Bay Area and has been a partner with the Goss | Ferrara Real Estate Team. She and her husband raised their two daughters in San Jose, where she successfully continues to build her real estate career.
After earning a bachelor’s degree from San Jose State University, she went on to teach in the San Jose Unified School District for 9 years. Transitioning to real estate was a logical choice, utilizing her patient demeanor to educate all levels of buyers and sellers. Knowledge and experience demonstrate her vested interest in delivering the highest level of care and professionalism to every client. She consistently strives to exceed her client’s expectations throughout the entire real estate transaction and remains a trusted advisor long after each close.
As a board member on KW Bay Area Estates’ Associate Leadership Council (ALC), she aids in support of culture and professional development strategies for over 180 associates. Terese is also a Director for the Santa Clara County Association of Realtors Foundation, which supports community service initiatives in Silicon Valley.
Terese is the consummate real estate professional dedicated to providing unparalleled service to her clients through ongoing training and education, keeping her on top of the dynamic market and latest real estate trends. Her high-touch approach coupled with honesty and integrity support her commitment to her client’s real estate needs.
