Finding a mortgage is one of the most difficult aspects of buying a house.

A mortgage broker might be your best option if you are looking to reduce stress and streamline the mortgage process.

Some mortgage brokers may receive a commission. It is possible for some brokers to prefer to work with lower interest rate lenders.

 

Real estate agent and customers shaking hands together celebrating finished contract after about home insurance and investment loan, handshake and successful deal

 

What is a Mortgage Broker?

A mortgage broker is a licensed financial professional that acts as an intermediary between borrower and lender.

Mortgage brokers help clients apply for mortgages and underwriting.

Customers and real estate agents shaking hands to celebrate the successful closing of their contract about home insurance and investment loans.

Mortgage broker vs. Mortgage officer

Mortgage brokers are financial professionals who work with multiple lenders to offer a range of loan options to consumers. They receive a commission to match borrowers with the best lenders and loan programs.

A bank cannot be a representative of a loan officer.

What is a Mortgage Broker?

You might be looking for financing to buy a home, but aren’t sure where or how to go about it.

A broker assists homebuyers in compiling all documentation and leads them through the mortgage application process. The borrower pays a fee to the broker or a commission.