Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the advantage of a mortgage lender bank vs. a mortgage broker?

April 26, 2017advantage Bank Lender mortgage mortgage broker vs

0

Posted

What is the advantage of a mortgage lender bank vs. a mortgage broker?

1 Answer

0

Posted

A mortgage lender bank may be a local bank, or an online bank, or a bank that is situated just across the U.S. A mortgage lender bank will have their own proprietary products that they will be selling to customers. In comparison, a mortgage broker is an intermediary between mortgage lenders and borrowers. A mortgage broker has access to hundreds of loans and is in position to quickly match you with the most appropriate lender bank and home loan type.