A mortgage broker can help if you want support sifting through loan options, pinpointing the best interest rates or overcoming complex borrowing challenges. Although you can shop for a home loan on your own, a mortgage broker acts as a matchmaker to connect you with the right lender for your needs.
Here’s what you need to know about working with a mortgage broker before you head to a big bank, a credit union or a private lender.
[Read: Best Mortgage Lenders.]
What Is a Mortgage Broker?
A mortgage broker, unlike a mortgage lender, does not fund loans but instead helps you find the right lender for your financial situation. Mortgage brokers are licensed and regulated financial professionals who act as a bridge between borrower and lender.
A broker can
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