Chad Humphrey


Buying a new home can be pricey. Besides the expense of the house itself, there can be a lot of extra costs, including Title fees, property inspection fees, appraisal fees, and mortgage broker fees. At Mile High Mortgage Brokers, we want to keep your costs to a minimum. Here are a few answer to common questions about Mortgage Brokers versus Retail Mortgage Bankers.


What exactly is a mortgage broker and what do they do?

A Mortgage Broker is basically a licensed and vetted financial advisor specializing in mortgages. We work to find the right mortgage with rates to suit your budget. We also show you your best options and our expert knowledge of the housing market means we can identify the best lenders and mortgage deals out there. Mortgage Brokers have a responsibility of care towards you, this means we have to be able to justify any recommendations we make.

Mile High Mortgage Brokers will base our mortgage recommendations on your individual unique circumstances. Some of the factors we use include:

This information helps us to see what mortgage offers you’ll be eligible for and how much you’ll be able to borrow.


Do all mortgage brokers offer the same programs and rates?

No, Mortgage Brokers and can vary a lot in regards to the rates, terms and fees they can offer. The more volume the Broker funds the better terms, rates and fees we can offer.

Mile High Mortgage Brokers is partnered with Edge Home Finance Corp. We are the 3rd largest Independent Broker in the Nation. We are also a Diamond Elite Partner with UWM (United Wholesale Mortgage) the largest home purchase lender in American. The partnership leads to a white glove consumer experience that is hard to compete with.


What are the advantages of using a mortgage broker?

You can go directly to your bank or a retail mortgage banker yourself, but you could miss out on some of the advantages a broker brings:


How do I choose the right mortgage broker for me?

Think long-term when considering a mortgage broker. Buying a home is usually the most expensive purchase in our lifetimes, so be sure and ask questions and don’t be afraid to compare one offering with another Brokers offering.

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