Why use a Mortgage Broker vs. Bank or Credit Union?

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That should be a no-brainer. A mortgage broker does your rate shopping so you don’t have to. Plus, unlike banks and credit unions, mortgages are all they do.

Mortgage brokers have access to a wide variety of mortgage loan products that a bank or credit union might not offer. That ensures that you won’t get sold into a mortgage product that meets their needs and not yours.

Mortgage brokers typically can offer more options because they are approved with multiple lenders or banks, so a mortgage broker can pair your application with the lender or bank who has the best rates and fees for your particular scenario.

Another benefit of working with a mortgage broker is that if you do have any issues getting your application approved with a particular lender or bank, a mortgage broker may have alternative options with other lenders or banks that they do business with so you don’t have to start from scratch or walk away from purchasing your dream home.

More often than not, just because a bank or mortgage company tells you no, it’s because they don’t offer a particular loan product or don’t have the underwriting parameters that fit your needs. When it comes to purchasing your dream home, getting the best advice on refinancing, making sure you get the best mortgage that fits your needs, or anything mortgage related, you should always work with a mortgage broker.


Information provided on this website is for informational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Granite Mortgage Company does not guarantee the quality, accuracy, completeness or timelines of the information. While efforts are made to verify it, the information should not be assumed to be error free. Some information on the website may have been provided by outside sources and has not necessarily been verified by Granite Mortgage Company. Granite Mortgage Company does not assume any liability for the information contained herein.


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We work with many trusted lending sources to find the right fit for your specific situation.

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    Granite Mortgage Company
    3459 Lake Elmo Ave N
    P.O. Box 881
    Lake Elmo, MN 55042

    NMLS# 285381

    Licensed Mortgage Originator in the State of Minnesota
    Licensed Mortgage Broker in the Sate of Wisconsin

    © 2016 Granite Mortgage Company  equal housing lender

    Granite Mortgage Company Logo

    Granite Mortgage Company
    3459 Lake Elmo Ave N
    P.O. Box 881
    Lake Elmo, MN 55042
    Main Number:
    651-459-6000
    Fax Number:
    651-459-6700