A mortgage broker is a go-between who matches borrowers and mortgage lenders. If you’re buying a home or refinancing, a broker can help you find the best mortgage for your particular needs and situation.
A mortgage broker has access to more lenders and mortgage products than a bank loan officer, who is limited to the mortgages provided by the bank.
A mortgage broker not only helps you get the most competitive rates and pricing, they also help make sure your loan is a good match with the particular lender
If you’re seeking an FHA loan or a VA loan, for example, a mortgage broker who has experience working with those loans can simplify the process for you.
A mortgage broker is not a lender of mortgage funds. Brokers originate mortgage loans and place them with lenders, who then disburse the funds at closing.
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