Do you know the difference between a Mortgage Broker and a Bank Mortgage Specialist?

There are actually a number of differences which you may not be aware of.

Here’s some information to help you understand.

A Mortgage Broker works for your client; where as Bank Specialists are employed by the financial institution.

The benefit of using a Mortgage Broker is the fact that they have the ability to offer mortgage products from a number of financial institutions.  Since a Bank Specialists works for the bank, that means that they can usually only offer your client their institution’s products. (more…)