How a Mortgage Broker Can Help You Find Lower Rates
What is a Mortgage Broker?
A Mortgage broker is a the middlemen who negotiate mortgage financing between a borrower and a lender. Banks and other lending institutions have sold their mortgage products in the years past without using a broker, but as consumers’ needs vary mortgages have become competitive, brokers have become popular in the lending business recently. A mortgage broker does not handle funds to originate mortgages. They help a borrower connect with lenders that represent the best fit for them in terms of interest rate, down payments, and other financial situations.