When Do You Need a Mortgage Broker?
If you are in the market for a new mortgage, you may be wondering when you need to use a mortgage broker. Brokers are typically licensed to originate loans and handle the loan approval process. While they may offer a lower interest rate than a bank, working with a broker doesn’t ensure you’ll get the best deal. It’s a good idea to shop around for the best deal before making a final decision.
Working with a mortgage broker
When choosing a lender, you can work directly with a bank or a mortgage broker, but this isn’t always the best option. …