Why Choose Ironbank

Our mission is to serve our customers with honesty, integrity, and competence. We strive to provide our clients with affordable home loans while offering the lowest interest rates and closing costs possible. Our experience in the mortgage industry sets us apart from the rest and make us the premier choice for your mortgage needs.We also offer a FREE HOME WARRANTY for all of our purchase clients in order to protect their investment. Click here for more information on the home warranty.

Broker or adviser with a young couple

Why a Mortgage Broker?

Many borrowers do not know the difference between a retail lender and mortgage broker. However, choosing the right party to work with can make an enormous difference in your interest rate and monthly payments. Simply put a mortgage broker is not affiliated with one lender, but instead, works with many lenders, whereas a retail lender is limited to a single lender. For example, if you call a national bank to inquire about a mortgage, they are only able to offer you their loan products, which may have higher rates or may not be an appropriate loan for you. On the other hand, a mortgage broker will be able to shop your loan around to different lenders to find the perfect fit for you with the lowest possible rate and closing costs. In fact, national lenders offer lower rates to mortage brokers than to their in-house lenders, meaning that even after the lender compensates the mortgage broker for their work on a transaction, you will still end up with a lower rate than using the retail lender directly.