A mortgage broker works on your behalf to find mortgage lenders with competitive rates. Learn more to decide whether a broker is right for you. A mortgage broker manages the process for you by applying for loans with different lenders, finding competitive interest rates and negotiating loan terms.
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Mortgage brokers: Hayne will kill competition – Their performance was only outdone by AMP (up 10 per cent). Meanwhile, the smaller banks had only a small lift in share prices and the listed mortgage brokers took a hammering – with Mortgage Choice.
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· A mortgage broker is actually a company that employees loan originators who analyze mortgage loan products and counsel customers on loan availability, qualification requirements, interest rates, and loan terms.
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