Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the Maryland before hiring.
Showing 5 mortgage brokers in Ocean City, MD
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Embrace Home Loans - Ocean City, MD
8008 Coastal Hwy Suite 2, Ocean City, MD 21842
4436649000
Michelle Watts-Macia NMLS# 207277
6200 Coastal Hwy suite 101, Ocean City, MD 21842
4109379800
Sam Kotzur
11615b Coastal Hwy, Ocean City, MD 21842
7248402912
Joseph Brach
5700 Coastal Hwy Ste 200, Ocean City, MD 21842
4432538698
Direct Mortgage Loans - Ocean City
7408 Coastal Hwy, Ocean City, MD 21842
4437982759
What Does a Mortgage Broker in Ocean City Cost?
Mortgage broker fees in Maryland typically range from 1% to 2% of the loan amount. This is often paid by the lender or added to the loan. Some brokers charge a flat fee between 2000 and 5000 dollars. Costs vary based on loan type and complexity. This is general information not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What does a mortgage broker do in Ocean City Maryland?
A mortgage broker acts as an intermediary between you and potential lenders. They gather your financial information and shop for loan options on your behalf. In Maryland brokers must follow state licensing rules under the Maryland Mortgage Lender Law.
How do I choose a mortgage broker in Ocean City?
Check that the broker is licensed through the NMLS database. Ask about their experience with local properties and second homes. Read reviews and compare their fee structures before committing.
Are there specific rules for mortgage brokers in Maryland?
Yes Maryland requires brokers to provide a Loan Estimate within three business days of application. They must also disclose all fees clearly. The state has a three day right of rescission for refinances on primary residences.