FindAMortgageBroker.com Mortgage Review 2023

Breakdown of FindAMortgageBroker.com overall score

• Affordability: FindAMortgageBroker.com is an online search tool connecting you with a mortgage broker who can provide interest rate and loan cost information tailored to you.
• Availability: Any borrower can use FindAMortgageBroker.com to search for a broker in their area.
• Borrower experience: The tool can be a helpful starting point if you’re new to the home financing process, or want to compare different offers from various lenders with the assistance of a broker.

• Methodology

  Bankrate’s expert editorial team collects lender information through a variety of methods. We contact lenders directly, and we also turn to regulatory filings and to assessments by third parties. Our research takes into account three main factors – affordability, availability and borrower experience.

  Bankrate’s reporters and editors have decades of experience covering the mortgage industry. They’re skilled at gathering information through interviews and by scouring regulatory filings. Bankrate evaluates more than 85 lenders for factors relating to affordability, availability and customer experience, assigning each a Bankrate Score out of five stars. Here’s how we assess each of the categories:

  • Affordability. Loan cost is a deciding factor for many borrowers. We look at two metrics: 1) a lender’s lowest advertised annual percentage rate (APR) based on Bankrate’s sample scenario, which assumes a 740 or higher credit score and a 20 percent down payment, among other factors and 2) established-customer discounts or incentive pricing, when applicable.
  • Availability. Another factor is how quickly your loan application will be approved, and how many loan programs the lender offers. So we evaluate approval and closing timelines and diversity of loan products.
  • Customer experience. Finally, we delve into what it’s like to deal with the lender as a consumer. We look at the lender’s application process and availability of customer service support. We also consider the results of J.D. Power’s 2022 Mortgage Origination Satisfaction Survey.

  Bankrate’s editorial team confirms the accuracy of data at the time of publication. Our team is dedicated to maintaining the timeliness of information – the mortgage industry is changing constantly, so we regularly revisit these reviews to update them.

  Bankrate’s methodology page spells out our rating process in greater detail.

Affordability: 3/5

FindAMortgageBroker.com doesn’t display mortgage rates or disclose lender fee information; the broker you connect with can help you find the lowest possible rate you qualify for. You can obtain information about any fees for a specific loan offer, such as an application or origination fee, through your broker. Note that borrowers generally don’t pay brokers for their services; the lender who works with the broker does. This cost is typically wrapped into your rate, however.

Availability: 3/5

Depending on the broker you work with, you might have access to a number of loan options, including conventional (the most popular type of mortgage), FHA, VA and USDA loans.

Borrower experience: 5/5

FindAMortgageBroker.com allows you to enter an address, city or zip code to find a mortgage broker, as well as fill out a short online form so you can contact the broker.

Each broker has a profile, which can include the broker’s contact information; the types of loans the broker specializes in; where the broker is licensed; what languages the broker speaks; and the broker’s rating (out of five stars) and testimonials. The companies the brokers are affiliated with also have their own profiles, with an overall rating (out of five stars), Google reviews, licensing information and a listing of each broker who works there.

The website also features three calculators (how much house can you afford, monthly payment and refinance); a home value estimator; a glossary of mortgage-related terms; and guides covering the different aspects of the homebuying or refinancing process.

Refinancing with FindAMortgageBroker.com

The broker you connect with through FindAMortgageBroker.com can help you identify the best option to refinance your current mortgage.

Alternatives to FindAMortgageBroker.com

• Mr. Cooper mortgage review – A major mortgage provider with an assortment of loans and a close-on-time guarantee
• Rocket Mortgage review – A leading national mortgage lender with a convenient app and online service
• Sage Mortgage review – Another broker, specializing in refinancing, with quicker-than-average turnaround times