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I am asked this question many times. In short, a mortgage broker partners with many banks. American Family Lending, has partners with more than 15 banks located in Hawaii and mainland. All banks have different rates, different products, different underwriting standards and different specializations. This is the reason why one bank may deny your loan, while another bank will quickly approve it, or, one bank's closing charges are higher, while others are lower.  The role of the mortgage broker is to get the borrower the best loan, at the best price and in the least amount of time.

Overall, loan officers at banks are loyal to their bank first, then to the borrower.   The best interest of the borrower is always the best interest for the bank.  Mortgage Brokers are only loyal to their borrowers.  Without borrowers, mortgage brokers are not paid and cannot earn a living.

How to have the government help you make your mortgage
payment!

You may often hear your friends and family saying that
owning a home is great for your taxes. What do they mean?

When you own a home the property taxes and the mortgage
interest is often tax deductible. Of course this is a
subject you should always discuss with your accountant.

Many consumers will experience a large tax refund every
year as a result of having these two large expenses as tax
write-offs. Rent is usually never tax deductible.

But there is a better way to get a refund that is often
overlooked by most consumers.

When the government issues you a refund check they have in
effect held your money for over a year and paid you no
interest.

You can instead (with your accountant's help)
amend your W-4 form and get this money coming back to you
in each and every paycheck. You can then use this money
to help pay your mortgage payments.

As an example, let's say that owning a home provides you
with a tax refund of $2,400. You can instead change your
W-4 form to get back $200 more each month in your
paychecks which you can use to help make your mortgage
payments.

You will not get it back as a refund. With your
accountant's help you should adjust your W-4 form so that
you do not owe any money at the end of the year nor do you
get any money back. Instead, you are using this money
every month to help with your expenses.

If you would like to discuss this in more detail and get a
better idea of the exact benefits you may be entitled to
please call me for a No-Obligation No-Cost Consultation
at (808) 271-5870