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Risky options – “Since becoming a mortgage broker and reading the legislation in more depth, my views have changed and my personal belief is that they are in effect a home purchase contract and as such are regulated.
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A war has broken out between lenders and mortgage brokers, two groups that used to play nicely together so they could make loans for people who wanted to buy a home or refinance an existing.
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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.