A mortgage broker is a licensed professional who helps individuals and businesses find the best mortgage loans to suit their financial needs. They act as intermediaries between borrowers and lenders, providing access to a variety of loan options from different financial institutions. This can save time and effort for borrowers, as brokers can compare rates and terms on their behalf.
In addition to finding suitable loans, mortgage brokers also assist with the application process, guiding clients through the necessary paperwork and requirements. Their expertise can help borrowers understand complex mortgage terms and make informed decisions about their financing options.