Mortgage Broker vs. Direct Lender: What’s the Difference?
KEY TAKEAWAYS
- A mortgage broker brings borrowers and mortgage lenders together by acting as an intermediary between the two.
- Direct lenders are financial institutions that approve and finance mortgage loans.
- Brokers can help if you want to shop around without the hassle of contacting multiple lenders on your own.
- A good place to start is a bank, especially if you have a good relationship with your financial institution.
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