A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses.
Traditionally, banks and other lending institutions have sold their own products. However as markets for
mortgages have become more competitive, the role
of the mortgage broker has become more popular. Today in most developed mortgage markets mortgage brokers are the largest sellers of mortgage
products for lenders. Mortgage brokers exist to find a bank or a direct lender that an individual seeks with a
specific loan the individual is seeking. Mortgage brokers charge fees based on the percentage of the loan amount
in the 1-3% of the loan amount.
The majority of mortgage brokers are regulated to
ensure compliance with banking and or finance laws in the jurisdiction of the consumer; however, the extent of the
regulation depends on the jurisdiction. Only one state within the U.S. has no laws that govern mortgage
As a mortgage broker our lenders will give mortgage loan lenders best refinance mortgage loan rates in the
industry. We act as mortgage broker and banker at the same time. Lenders like mortgage broker and loan rates for
home refinancing for rate reduction or cash out. So when house buying our mortgage bank has loan rates for
you. We have commercial lenders available to finance commercial loan. As a mortgage bank we are
ready start mortgage broker and financing for you now.