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What Is A Mortgage Broker?

· Real Estate
What Is A Mortgage Broker?

WHAT IS A MORTGAGE BROKER? 

In a nutshell, this professional helps you find the best mortgage by shopping all the options at your disposal. This can be a huge plus if you're feeling overwhelmed by the mortgage process and can't tell which loan is right for you.

[ BENEFITS OF A MORTGAGE BROKER ]

Some borrowers might find it easier to just visit their local bank for a home loan, but that can mean missing out on several key benefits that a broker can provide. The primary benefit boils down to choices: While a bank can offer only its own proprietary products and a single interest rate, a mortgage broker acts as a clearinghouse, shopping multiple lenders simultaneously to find different terms and rates on your behalf.

SOURCE: REALTOR.COM

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