Business Details
27 Years
experience
Your Trusted Louisville Mortgage Partner
At Borrowers Choice Mortgage, we have dedicated ourselves to providing clients with significant cost savings since 1999. Our philosophy centers on offering competitive pricing and superior customer service, with a focus on ensuring clients understand the importance of balancing rates and closing costs. As a locally owned business, we maintain accessibility and personalized attention, leveraging over 24 years of experience to originate more than $400 million in home loans across the Louisville area. Our background in engineering enhances our mortgage origination process through meticulous attention to detail, and our commitment to transparency has generated consistent referrals, allowing us to maintain low pricing.We prioritize client education, guiding borrowers through purchase and refinance processes while emphasizing long-term financial benefits. Our team remains readily available to address client needs, ensuring a streamlined experience from application to closing. By analyzing individual financial situations, we recommend tailored solutions that align with each client's unique goals. Our track record of satisfied customers and repeat business underscores our position as a trusted partner in the mortgage industry.
Services
Mortgage Loans
Refinancing
Purchase Loans
Closing Cost Assistance
Credit Score Guidance
Details
- Year established: 1999
Highlights and features
- We offer low closing cost options since 1999
- Our locally owned team provides personalized service
- 24+ years of mortgage industry experience
- Free pre-approvals with no application fees
- Engineered attention to detail in loan processing
Associations and certifications
- NMLS# 1316
- NMLS# 53460
What people say
Great service and great rates
Best mortgage broker in Louisville
Saved significant money
Outstanding customer service
Quick closing process
Services
Mortgage Loans
We originate purchase mortgage loans with competitive rates and flexible closing cost options. Our process begins with analyzing your financial situation to recommend tailored solutions that balance immediate costs with long-term savings. With access to multiple wholesale lenders, we secure optimal terms for first-time buyers and experienced homeowners alike.
Refinancing
Our refinancing services focus on reducing monthly payments or shortening loan terms through strategic rate adjustments. We evaluate your current mortgage details to identify cost-saving opportunities while minimizing closing expenses. Clients benefit from our engineering-driven approach to loan analysis and optimization.
Closing Cost Assistance
We specialize in low closing cost options that prevent overlooked expenses from undermining favorable rates. Our team educates clients on cost components and negotiates terms that align with individual financial goals, ensuring transparency throughout the transaction process.
Credit Score Guidance
We provide actionable advice for improving credit scores to qualify for better mortgage terms. Our guidance includes error correction strategies, debt management techniques, and credit utilization optimization to enhance loan eligibility while maintaining financial stability.
Purchase Loans
Our purchase loan process begins with rate and closing cost analysis based on your sales contract terms. We coordinate title exams, appraisals, and underwriting approvals to ensure timely closings. Clients receive personalized support from contract acceptance through final documentation.
People
Drew A. Schaefer
Owner/Mortgage Originator
With over 24 years of mortgage industry experience, Drew A. Schaefer leverages his engineering background to provide precise loan solutions. As a Louisville-based originator (NMLS# 53460), he prioritizes client education and cost-effective strategies, maintaining direct accessibility for personalized support throughout the mortgage process.
Questions
What mortgage services do you offer?
We provide purchase loans, refinancing options, and closing cost assistance tailored to individual financial situations.
How do closing costs affect my mortgage?
We educate clients on balancing rates and closing costs to ensure long-term savings through optimized loan terms.
What credit score do I need?
We guide clients on credit score requirements and provide strategies to improve eligibility for favorable loan terms.
How does refinancing work?
Our process analyzes your current mortgage to identify savings opportunities through rate adjustments or term modifications.
What documentation is required?
We require paystubs, tax returns, W-2s, and bank statements to streamline the loan approval process.
