Questions & Answers
Got Questions? We can help.
We've compiled a list of common questions we've encountered in the loan application and home buying experience. If you have any other questions of your own, please contact us today.
What's the difference between a mortgage broker and a lender?
A mortgage broker counsels you on the loans available from different wholesalers, takes your application and usually processes the loan, which involves putting together the complete file of information about your transaction, including the credit report, appraisal, verification of your employment and assets and so on. When the file is complete, but sometimes sooner, the lender "underwrites" the loan, which means deciding whether or not you are an acceptable risk.