What to Look For In a Mortgage Company

The three basic types of companies that offer mortgages are:

1. Banks and other financial institutions
2. Mortgage bankers
3. Mortgage brokers

Banks offer mortgages along with dozens of other financial products and services, while mortgage bankers and mortgage brokers focus exclusively on mortgage lending. Mortgage bankers use their own money to make the loan, so they make their own loan decisions and control the entire mortgage process. Mortgage brokers do not fund loans, so loan decisions are made by their investors, often in other parts of the country. Dover is a pure mortgage banker. Therefore, you get more individual attention, a better selection of products and more competitive rates than with other types of lenders.

Where are the loans processed?

Dover Mortgage processes and approves its loans in North Carolina. That means we can turn your loan around faster, solve problems immediately and meet your closing date with less cost, time and effort. And with our access to Freddie Mac's automated underwriting system, most loans can be approved quickly.

What products and services do they offer?

Some lenders offer only their own products or a limited selection, or they choose to concentrate only on certain types of loans and borrowers. Dover Mortgage offers loan products from many sources, and can tailor a program for every kind of home buyer or refinancing customer. And because we are an independent mortgage banker, we shop rates just like you do. Rest assured, the loan programs we show you are among the very best available.