A mortgage broker acts as an intermediary between someone who wants to buy real estate and those offering loans to do so
Mortgage brokers help would-be borrowers find a lender with the best terms and rates to meet their financial needs.
Working with an experienced, competent mortgage broker can help you find the right mortgage. All the same, there are advantages and disadvantages to using a mortgage broker.
Start by making sure you understand what a mortgage broker does. Then, ask friends, relatives, and business acquaintances for referrals. Take a look at online reviews and check for complaints.
A Broker May Save You Legwork In some cases, mortgage brokers may be able to get lenders to waive some or all of these fees, which can save you hundreds to thousands of dollars.