What's The Difference Between A Bank And A Mortgage Broker?

Thank you to UWM • October 27, 2021

Getting Mortgage Ready

What's The Difference Between a Bank and A Mortgage Broker? This 2-minute video will explain everything.


Mortgage brokers are not part of a big corporation or a bank. They do not have multiple priorities or a variety of investments. Mortgage brokers do one thing, and they do it better than anybody else.

 

Mortgage brokers shop for great deals on mortgages!

 

Why do you need a broker to shop for you? Because you need an advocate on your side. You need choices, lots of choices. Choices set up competition, and that is good for you!

 

Banks can only offer you what they have to sell, but a broker can compare deals from hundreds of banks all over the country. They can organize the information based on your needs. Offering you the best terms and the best rate.

 

You can do it alone, but why take the risk of missing out on the best rate. Or worst, spending 100s of hours shopping for a mortgage when you could be shopping for a home.

 


Pamela M Marron, NMLS#246438

Innovative Mortgage Services, Inc, NMLS#250769




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