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.
Tellus TIP:
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?