Same goal. Different route.
Neither route is automatically better. The value of a broker is the ability to review more than one participating lender when eligible—and to help you compare the details on the same basis.
| DECISION POINT | DIRECT LENDER | MORTGAGE BROKER |
|---|---|---|
| PRODUCT ACCESS | Generally offers programs from its own product shelf. | May review eligible options from participating third-party lenders. Network and product availability vary. |
| COMPARISON | Explains the lender's available rate and term choices. | Can help compare eligible lender options using rate, APR, points, fees, cash to close, and terms. |
| UNDERWRITING | The lender makes its own credit and property decision. | Each selected lender makes its own credit and property decision; a broker cannot promise approval. |
| COMPENSATION | Lender pricing and compensation are reflected in required disclosures. | Broker compensation may be lender-paid or borrower-paid, as permitted, and is disclosed in the loan documents. |
| BEST NEXT STEP | Compare written options on the same day and on the same assumptions. Ask what can change before closing. | |
The cost belongs
in the open.
Broker compensation may be paid by the lender or the borrower, as permitted, and the structure and amount can vary by transaction. Your official disclosures identify broker, lender, and third-party costs so you can review the complete financing picture.
A LOAN ESTIMATE IS NOT AN APPROVAL OR COMMITMENT TO LEND. TERMS CAN CHANGE AS PERMITTED BASED ON VERIFIED INFORMATION, MARKET CONDITIONS, PROPERTY REVIEW, AND PROGRAM REQUIREMENTS.
One clear file. Four deliberate moves.
Tell us the property, purpose, timing, and priorities. An inquiry is not a credit decision or application approval.
A licensed mortgage professional reviews the scenario and identifies potentially eligible routes from available participating lenders.
Review written options on consistent assumptions: rate, APR, points, cash to close, payment, term, and conditions.
You choose whether to proceed. The selected lender verifies the file and makes the underwriting and credit decision.
The best option may still be your bank.
Comparison gives you context.
A broker cannot guarantee the lowest rate, cost, payment, or an approval. Compare written offers on the same date and assumptions, and choose the combination that fits your goals.