This week va rates didn’t move much. Earlier in the week they were 6.12% but fell back to 5.875% and remained there. We continue to beet the competition with our rates and will continue to work hard building relationships with investors and lenders so that we can offer our clients the best deal possible.

What is the difference?

A Mortgage lender is a financial institution that lends the money. This could be a bank, credit union or a direct investor. When you contact your local or national bank for a mortgage loan, you will be speaking with a loan officer for the bank. They will provide you with a interest rate quote for their loan and explain their fees. You only get one choice!

However, a mortgage broker does not work for the bank, credit union or investor. Instead a broker has built dozens of business relationships with them. A Broker works independently from lenders allowing them to work in your best interest. A broker allows you to have many choices. A broker can search his database of lenders to see who is offering the best interest rate at that moment in time, allowing you to get the best rate possible!

va-loans.com is owned by MilitaryLink LLC and only works with mortgage brokers to help you get the best loan.