Mortgage Broker Company - Different Types of Mortgage Lenders and Their Advantages

Is there a “best” lender?

Probably and probably not. Everyone has a different opinion, your realtor used to recommend portfolio lenders, now they use mortgage bankers and mortgage brokers. A realtor will most likely steer you in the direction of a person who has demonstrated a track record of good service and reliability or they may have a lender affiliated with their real estate office. If the lender is affiliated with the real estate office it may be frugal of you to shop around for different rates depending on the what the lender affiliated with the real estate office offers you mortgage wise.

Just remember it is important to choose a good loan officer and not worry about the lending institution. A loan officer has two jobs, one is to advocate in getting the loan approved. The other is to deliver quality loans. Ask around and find someone who is dependable and ethical.