What is the difference between a mortgage broker and a mortgage lender?
- Listed: August 13, 2022 10:21 am
- Expires: This ad has expired
Description
What is the difference between a mortgage broker and a mortgage lender?
A lender is a financial institution that makes loans directly to you. A broker does not lend money. A broker finds a lender. A broker may work with many lenders.
Whether you use a broker or a lender, you should always shop around for the best loan terms and the lowest interest rates and fees.
292 total views, 1 today
Listing ID: 83662f77b207301f
- Listed by: Editor
- Member Since: July 24, 2018
Other items listed by Editor
- How do I find the best loan available when I’m shopping for a home mortgage loan?
- Can a lender or dealer ask me about the alimony, child support, or separate maintenance payments that I receive when I apply for an auto loan?
- I am a member of the military or spouse/family member of a servicemember and I think I have a loan that exceeds what I can be charged by law. What should I do?
- How do I apply for GI Bill education benefits?
- Does my mortgage servicer have to help me avoid foreclosure?