“An independent mortgage broker isn’t tied to any financial institution and instead works on your behalf, rather than the lender.
Because they are not employees of a lending institution, mortgage brokers are not limited in the products they can offer you.
They can seek out the best mortgage options to suit your specific situation, from a multitude of lenders — banks, trusts, private companies and insurance firms. Their primary role is to provide unbiased mortgage options and advice to clients.
In most cases, mortgage brokers are free. When the broker matches a lender with a buyer and a mortgage is placed, the broker is paid by the lender based on size of the mortgage, not the rate.”
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