Looking to purchase a home and not sure which route to take? It can be difficult to navigate the different types of lenders available. At one extreme, some lenders are direct and hold the loan with their own funds, while at the other extreme, mortgage brokers act as intermediaries between you and the lender. Knowing the difference between a mortgage broker and a direct lender is essential in order to make the best decision for your financial situation. Here’s what you need to know about the differences between a mortgage broker and a direct lender.
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