WHAT IS THE DIFFERENCE BETWEEN A MORTGAGE BROKER AND A BANK LENDER?

Bank lenders only can offer the borrower the small list of products that particular bank has to offer. If you don’t fit exactly into their parameters, you don’t get approved. Mortgage brokers are able to go to whatever bank the borrowers loan fits best with. Therefore, mortgage brokers can maneuver around different banks guidelines to get your loan approved.

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