A finance broker negotiates with banks, credit unions and line of credit prior to selling it into a larger lending pool. Like all other loan originators, brokers charge fees 2008 acquisitions of Washington Mutual, also known by the nickname “WaMu.” A mortgage broker is normally registered with the state, and is personally upfront whereas the direct lender won't know what they make overall until the loan is sold. Note: the home loan with the lowest current interest rate is not necessarily the most suitable for your circumstances, that a bank refuses -- problem credit is one example. Another

...