What is a mortgage broker?
A person or a company that acts as a middleman between the lenders and borrowers is known as a mortgage broker. The mortgage broker's job is to gauge the financial status, situation, capability and then provide the right solutions regarding all kinds of loans and products.
What does a mortgage broker do?
Mortgage brokers are responsible to design and ensure a maximum of home loans. Best brokers will always have thorough knowledge about all the lenders, the rate of interest at which the lenders provide loans and the hidden or additional charges of all. We compare the rates and also understand your requirements and then suggest the right kind of loan.
In this process of mortgage broking, the brokers would also assist in paperwork and documentation, ensuring that everything is done rightly. Brokers have extensive contacts in the finance market which would act as a boon for you.