Brokers -V- Lenders
What is the difference?
A Mortgage lender is a financial institution that lends the money. This could be a bank, credit union or a direct investor. When you contact your local or national bank for a mortgage loan, you will be speaking with a loan officer for the bank. They will provide you with a interest rate quote for their loan and explain their fees. You only get one choice!
However, a mortgage broker does not work for the bank, credit union or investor. Instead a broker has built dozens of business relationships with them. A Broker works independently from lenders allowing them to work in your best interest. A broker allows you to have many choices. A broker can search his database of lenders to see who is offering the best interest rate at that moment in time, allowing you to get the best rate possible!
va-loans.com is owned by MilitaryLink LLC and only works with mortgage brokers to help you get the best loan.
