This is a very common question. While local banks can be great, their product selection can be incredibly restrictive. They work with their products and their products alone. If their particular product serves your needs, it may be a great fit. If it does not, you won’t have access to a full array or programs and options. A broker or lender will have access to dozens of investors and loan servicers, each of which will offer a variety of products. This allows you to evaluate options and ensure that whatever program you decide to pursue, is suited for your unique set of needs and your individual situation.
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