Do I Communicate with the Lender While Using a Mortgage Broker?
The mortgage broker acts as an intermediary between you and the lender. For example, a lender will go through the mortgage broker to offer loans to the borrower. Once a loan is picked, the mortgage broker helps complete the mortgage loan process. Mortgage brokers resolve issues during the mortgage process and assist borrowers until closing.
You can still communicate with other direct lenders while you shop for mortgage loans even when you have already begun working with a mortgage broker. But if you pick a loan through a broker, then the broker will work with you and that lender to finish the process.
- What Is a Mortgage Broker?
- Can a Mortgage Broker Offer FHA, VA, or USDA Loans?
- Are Mortgage Brokers Connected to the Financial Crisis?
- Can a Mortgage Broker Offer Jumbo Loans?
- What Are the Limitations of Using a Mortgage Broker?
- Will Using a Mortgage Broker Save Me Money?
- How Can I Find a Mortgage Broker?
- What Will a Mortgage Broker Need from Me?
- Who Pays the Mortgage Broker?
- How Do Mortgage Brokers Find and Select Mortgage Loans?
- How Should I Prepare Before Meeting with a Mortgage Broker?
- What Are Some Questions I Should Ask a Potential Mortgage Broker?
- What Happens If My Loan Is Declined When I Use a Mortgage Broker?