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A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses. Traditionally, banks and other lending institutions have sold their own products. As markets for mortgages have become more competitive, however.
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· A mortgage broker is a type of middleman who represents many lenders and all of their loan products. The broker’s goal is to match the loan product that best meets your needs at the best possible price. Once your loan is approved, you will usually deal directly with the loan originator or their mortgage service provider.
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