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Meet Bill Rapp

NMLS ID # NMLS # 228246

William Rapp, based in Houston, TX, US, is currently a Capital Advisor at Medallion Funds, bringing experience from previous roles at eXp Commercial, NEXA Mortgage, Viking Enterprise LLC and Sun Realty - Houston. William Rapp holds a 1997 - 2001 BBA in Finance @ Texas A&M University. With a robust skill set that includes REO, Sellers, SFR, FHA financing, Reverse Mortgages and more, William Rapp contributes valuable insights to the industry.

The Client Experience

Great experience purchasing our first home! Bill was easy to reach and always able to answer any questions or concerns.

27185 Astoria Brook Ln, Katy, TX 77494, USA

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VA Loans

Self-Employed Loans

Reverse Mortgages

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🔍 Should You Use a Mortgage Broker or Go Direct to a Lender? 💡

🏦 Mortgage Broker vs. Direct Lender: What’s the Smarter Choice? 🤔

Bill Rapp, Commercial Mortgage Broker

June 10, 2025•2 min read

🏦 Mortgage Broker vs. Direct Lender: What’s the Smarter Choice? 🤔

🔍 Should You Use a Mortgage Broker or Go Direct to a Lender? 💡

🏦 Should You Choose a Mortgage Broker or a Direct Lender?
When it comes to securing a mortgage, one of the most common questions homebuyers face is: Should I work with a mortgage broker or go straight to a lender? Understanding the difference could save you thousands—and a lot of stress.

🔄 What’s the Difference?

Mortgage Brokers are independent professionals who connect you with multiple lenders. They shop around on your behalf to find the most favorable rates and terms. Think of them as matchmakers for mortgages.

Direct Lenders (like banks or credit unions) offer mortgage loans directly to consumers. You’re limited to their programs and rates, but the process may feel more streamlined—if you fit their criteria.

💡 Pros & Cons Breakdown

✅ Mortgage Brokers

· Access to Multiple Lenders: More options = better chances of approval.

· Tailored Advice: Brokers match your financial profile with the best loan product.

· Special Programs: VA, Doctor, Self-Employed, or Non-QM loans are often easier to secure.

· One Application, Multiple Offers: Save time and credit pulls.

❌ Mortgage Brokers

· Broker fees (often covered by the lender, but worth asking about).

· Less control over underwriting timelines (since it's outsourced).

✅ Direct Lenders

· In-House Underwriting: May speed up the process.

· Direct Communication: One point of contact throughout.

· Fewer Fees (sometimes).

❌ Direct Lenders

· Limited loan options.

· Stricter guidelines.

· No competitive rate shopping.

🔍 So, Which One’s Right for You?

· First-Time Buyer or Complex Income? Go with a broker for options.

· W-2, High Credit, Conventional Loan? A direct lender might do the trick.

· Looking for Speed + Personal Help? Brokers often win here too.

💬 Final Word

A mortgage is one of the biggest financial commitments you'll make. Don't leave money on the table by limiting your options. A mortgage broker can often uncover solutions you didn’t know existed—especially in today’s dynamic rate environment.

👉 Want to compare real loan options side-by-side? Contact us today for a free consultation!

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Bill Rapp - Commercial & Residential Mortgage Broker

Whether you're a first-time homebuyer, a seasoned investor, or a business owner with ambitious plans, securing the right financing is crucial. At Medallion Funds, we take the guesswork out of mortgages, offering a comprehensive suite of residential and commercial loan options to fit your unique needs. Looking for Your Dream Home? We understand the excitement and challenges of navigating the residential real estate market. Our experienced mortgage brokers will guide you through every step, from pre-qualification to closing. We offer a variety of loan programs to suit your financial situation, including: • Fixed-rate mortgages: Offering stability with predictable monthly payments. • Adjustable-rate mortgages (ARMs): Providing competitive rates for a set period. • FHA loans: Making homeownership accessible with lower down payments. • VA loans: Rewarding veterans with attractive rates and flexible terms. Investing in Your Business Future? Growth often requires capital, and we can help you unlock the potential of your commercial property. Our brokers specialize in a wide range of commercial loan options, including: • Purchase loans: Financing the acquisition of new buildings or land. • Construction loans: Facilitating the development of your project. • Refinance loans: Restructuring your existing mortgage for better terms. • SBA loans: Providing access to government-backed financing for qualified businesses. The Medallion Funds Difference: We go beyond simply finding a loan. We take the time to understand your goals and develop a personalized strategy. Here's what sets us apart: • Expertise: Our brokers have a deep understanding of both residential and commercial lending. • Competitive Rates: We leverage our strong lender relationships to secure the best possible terms. • Streamlined Process: We handle the paperwork, keeping you informed every step of the way. • Exceptional Service: We're committed to providing you with a positive and stress-free experience. Ready to Take the First Step? Contact Medallion Funds today for a free consultation. Let's discuss your financing needs and help you achieve your dreams!

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Licensed to Do Business | NMLS # 228246

This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. Copyright © 2021 | Medallion Funds

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Corporate Address : 2651 N. Green Valley Pkwy STE. 101 Henderson, NV 89014

Corporate NMLS NMLS # 1825831 | Company Website: https://medallionfunds.com/bill-rapp/

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