Hey community! Today’s topic is going to be the difference between a mortgage broker and a mortgage banker.
#1. Banks have limited options.
A mortgage banker is going to represent that bank and their products only. A mortgage broker, on the other hand, is going to represent as many as 80 national brands and their options, competitive rates, competitive fees. If you go to a bank and you don’t fit into their box, their not going to be able to offer you the financing.
Interested in learning more? Just watch the video!