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 Massachusetts before hiring.
Showing 2 mortgage brokers in Sterling, MA
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Premiere Mortgage Services, Inc.
11 Malvern Hill, Sterling, MA 01564
9784222311
Dana Bain Premiere Mortgage Services Inc.
13 Malvern Hill, Sterling, MA 01564
9784222311
What Does a Mortgage Broker in Sterling Cost?
Mortgage broker fees in Massachusetts typically range from 1% to 2% of the loan amount. For a $400,000 loan this would be $4,000 to $8,000. Some brokers charge a flat fee instead. These costs are often paid by the borrower at closing or rolled into the loan. This is general information and 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 Sterling?
A mortgage broker acts as an intermediary between you and potential lenders. They gather your financial information, shop for loan options, and help you complete the application process. Brokers do not lend money directly but connect you with lenders who may offer suitable terms.
Do I need a mortgage broker to buy a home in Massachusetts?
No, you can apply directly to banks or credit unions. However a broker can save you time by comparing multiple lenders at once. Massachusetts law requires brokers to disclose their fees and any compensation from lenders in writing.
How are mortgage brokers regulated in Massachusetts?
Mortgage brokers must be licensed under Massachusetts General Laws Chapter 255E. They must pass a background check and complete pre-licensing education. The Division of Banks oversees all broker activities and handles consumer complaints.