A mortgage broker is a professional who works with borrowers to find the best mortgage loan for their needs. They act as an intermediary between the borrower and the lending institution, and have access to a wide range of loan products from multiple lenders. Mortgage brokers assess the borrower’s situation, review their credit report and financial information, and recommend loan products that best fit the borrower’s goals. They then negotiate with lenders on the borrower’s behalf to get the best terms and rates. Mortgage brokers can also help borrowers identify any potential tax benefits, as well as other advantages that can be realized through a loan. In addition, they often provide advice on financial matters, such as budgeting and debt consolidation. In short, a mortgage broker is a trusted advisor who works with borrowers to find the right loan product for their needs.
About the author:
Daniel H. Weberman, The Kabinet Founder – Terry I. Weberman, The Kabinet CPA
Daniel is an attorney and the founder of Kabinet. He is always here to help answer your home ownership questions as well as anything related to using your Kabinet app. Ask Daniel a question by sending an email to email@example.com and put “Daniel” in the subject line. This is a complimentary service as part of Kabinet’s commitment to you!
Daniel, The Kabinet Founder, has made every effort to ensure the accuracy of the information within this article was correct at time of publication. He does not assume and hereby disclaims any liability to any party for any loss, damage, or disruption caused by errors or omissions, whether such errors or omissions result from accident, negligence, or any other cause. Speak to your advisor to make sure you qualify for such benefits or opportunities. Do not rely solely on this abbreviated article, it is for informational purposes only.