What is the difference between a bank and a mortgage broker?

Updated date: Tuesday, July 8, 2025 - 19:43
What is the difference between a bank and a mortgage broker?

Mortgage Guide

A mortgage broker is basically a middleman. Brokers work with a variety of lenders to find loans for clients, but do not lend out money directly. ... The lender could be a mortgage bank, which specializes in mortgages; it could be a large commercial bank, a community bank or a credit union.

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