Do you know the difference between a mortgage broker and a loan officer?

Both professionals can help you secure a loan, but mortgage brokers are intermediaries between buyers and banks, while loan officers work directly for the bank. Here’s why that matters.

Mortgage brokers:

💰Can help you find the best loan types and rates across multiple institutions.

💰Offer customized assistance if your situation is more complex, for example, if you’re self-employed.

💰Smooth the process by communicating with the lender on your behalf.

Loan officers:

💰Can only help you secure a loan from their institution.

💰Sometimes offer reduced fees and may offer access to down payment assistance programs.

💰Extend a personal connection to the bank that may be useful for future issues or loans.

Whether you choose to work with a mortgage broker or loan officer, it’s important to shop around for the best deal. We can share a list of trusted professionals in our network who offer our clients VIP service.

📲 240.994.8866

📧 GarciaSHomeS@GMail.com

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