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Differences between Mortgage Brokers and Loan Officers Mortgage. – When it's time to apply for a mortgage loan, you should know the difference between a mortgage broker and a loan officer.
Mortgage Brokers: Advantages and Disadvantages – · A mortgage broker, on the other hand, often gets a fee from the lender for bringing in the business. This fee can be based on the amount of the mortgage and will vary among lenders.
· A mortgage broker can help you identify the best lender for your situation and get the application through. A direct lender is a financial institution that will decide whether or not you qualify.
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