Mortgage Broker Company - Mortgage Broker VS Mortgage Banker

Some people think that a mortgage company is the lender.  Not true. 

A mortgage banker lends you its own money. Then the mortgage bankers may sell the loan to the secondary market. 

A mortgage broker is a middleman, he does the loan shopping and analysis for you and puts you and the lender together.  Many of the lenders a mortgage bvroker uses do not deal directly with the public.

Sharon

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