Gwen Walton
Long and Foster

 

Your Northern Virginia Real Estate Connection

Get a professional, results oriented partner for the buying or selling a home:

  • Trusted and experience answers about the process
  • Effective marketing strategies
  • Expertise about neighborhood features
  • Ability to target home searches
  • Strong negotiation skills
  • Support through the closing and beyond

 

Link to full blog post article

Mortgage Brokers vs. Mortgage Bankers

What's the Difference Between Mortgage Brokers vs. Mortgage Bankers Mortgage Brokers work individually with borrowers. The broker is independent and searches for a loan based on his customer’s needs, not his employer’s needs. A broker matches clients with lenders then walks the paperwork through final approval and funding. Brokers’ fees are paid by the lender, so they are of no consequence to the buyer Mortgage bankers are direct lenders; working with them eliminates the middleman. Mortgage bankers themselves approve or reject loans and may prove more expeditious. Mortgage bankers must have substantial net worth if they are to survive. Because they are competing with both other banker…
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Gwen Walton

Long and Foster
BrightMLS

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Data last updated: Oct 13, 2024 4:25:pm.