Direct lender vs Mortgage Broker
On the contrary, direct lenders earn their livelihood in diverse ways and this is the key difference between the direct lender vs mortgage broker. Let's say, if a borrower directly chooses to work with a direct lender, he will charge the loan application fees. The lender will also make money from the interest charges or by late fees, principal amount as well as several other charges needed during the time of closing. Thus, the borrowers get a sound judgement on how much the lender is charging from you under the Good Faith Estimate (GFE). That is something that every lender offers. Quick wrap up Direct lender vs mortgage broker both have their own roles in the housing era and borrowers are not bound to pick between the direct lender vs mortgage broker. Indeed, you can compare the rates of both the entities and decide who is offering the best to you.
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