Everyone wants the lowest mortgage rate — and for good reason. Even a small difference in your rate can mean thousands of dollars saved over the life of your loan. But here’s what most people don’t know: It’s not just about the rate you’re quoted. It’s about the structure, the timing, and who’s negotiating for […]
1. A Mortgage Lender Is the Direct Source of Your Loan A mortgage lender is a financial institution, such as a bank, credit union, or online lender, that provides the loan directly to the borrower. Key points about mortgage lenders: They fund the loan and handle the approval and underwriting process. You work directly with the lender to secure your mortgage. Mortgage lenders
Everyone wants the lowest mortgage rate — and for good reason. Even a small difference in your rate can mean thousands of dollars saved over the life of your loan. But here’s what most people don’t know: It’s not just about the rate you’re quoted. It’s about the structure, the timing, and who’s negotiating for
When you’re shopping for a home loan, most people start with their local bank or credit union. But here’s the truth: Your bank only has one offer. A mortgage broker has dozens — and our job is to fight for you, not the lender. At Stairway Mortgage, we believe educated clients make empowered decisions. So
Refinancing your home doesn’t mean going it alone. At Stairway Mortgage, we believe every homeowner deserves a support team, not a sales pitch. That’s why we surround you with real people whose job is to guide, protect, and empower your journey. Here’s who’s on your side — and what they actually do. 1. Mortgage Advisor
1. Get Pre-Approved to Know Your Budget Pre-approval is your first smart move. You’ll provide your lender with basic financial information—income, debts, credit history—and they’ll give you a pre-approval letter with a loan amount you qualify for. This helps you shop with confidence, knowing what’s in your price range—and shows sellers you’re a serious buyer.
Big news — Stairway Mortgage has leveled up. We’re proud to announce that we are now a Direct Correspondent Lender. What started as a high-performing brokerage has grown into one of the top-producing mortgage platforms in the country — and now, we fund loans with our own capital. So what does that mean for you?