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Should I go with a mortgage broker or a bank? – · In contrast, a mortgage broker is a middleman. The broker works with multiple wholesale lenders in an effort to get the best mortgage for their clients. The advantaged and disadvantages of each type of mortgage source: As stated earlier, there are advantages and disadvantages to both a bank and a mortgage broker. Let’s start with the bank.
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How Much Does A Mortgage Broker Make? – On Property – Mortgage brokers also tend to work with an aggregator which is someone that brings all the lenders together for the mortgage broker to access. Now, those aggregators will also take a cut themselves and how much of a cut that aggregator takes, varies from aggregator to aggregator.
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