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Depsite what you might read, becoming a mortgage broker is not a fast road to riches. Mortgage broker comissions and salary expectations are often skewed by the general public, the media and generally anyone who isn’t actually in the industry.
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· If you go to a mortgage broker, he or she should have a variety of loan options from various lenders. It’s the mortgage broker’s job to find the best mortgage rate tailored for you.
What’s the difference between a lender and a broker? – When you are shopping around for the best mortgage, it can be tough to figure out if you should go with a mortgage broker or a mortgage lender. Both brokers and direct lenders are mortgage professionals who work to help you finance or refinance a home loan. Choosing one or the other really depends on your personal situation and preference, but it’s wise to go with someone local, says Kurt Johansson, senior.
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Mortgage broker – Wikipedia – A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses. Traditionally, banks and other lending institutions have sold their own products. As markets for mortgages have become more competitive, however.