What’s the Difference Between a Mortgage Broker, Lender, and Loan Officer?

When you are looking to buy a home, it’s a good idea to get a loan for it, but there are many people that you can see. It can be hard to find out who the right person to talk to is. When you start, you should look for the Broker because he will find the best deals for you. The Loan officer will provide all of the documents to the Lender, so they can give you the money.

Key Takeaways:

• A mortgage broker will help you find all of the good options for you
• A lender is the person or business who will give you the money.
• A loan officer will provide the documentation to see if you pre qualify.

“This gets even more complex if you’re new to the market where you’re planning to settle down.”

Read more: https://www.realsimple.com/work-life/money/home-finance/mortgage-broker-lender-loan-officer-differences