What’s the Difference Between a Mortgage Banker and a Mortgage Broker?Jul 15 2013
When applying for a new mortgage, there is an overwhelming amount of information and decisions you need to make. So when it comes to whom you choose to be your lender, you might think: a lender is a lender – right?
The truth is, not every lender is created equal. You should make sure you understand the differences between banks, mortgage bankers and mortgage brokers before turning over your information, finances and sanity to them. Choosing the right lender can save you time, frustration and in some cases, money.
For this week’s Mortgage Monday, we’ve broken down the differences between each of these lenders, plus how to decide which one is the right choice for you. Click here to read the full article.
If you’ve received a mortgage before, which type of lender did you go through?