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| Question: What is a mortgage broker or loan broker?
According to Wikipedia, a mortgage broker or a loan broker is someone who acts as an intermediary to broker loans to financial institutions on behalf of individuals or businesses. Traditionally, banks and other lending institutions have sold their own products. However, as markets for mortgages have become more competitive, the role for a mortgage broker or a loan broker has become highly popular. Today in many developed markets like Canada, United States, United Kingdom, Australia, New Zealand and Spain, mortgage brokers are the largest sellers of mortgage products for lenders. For more frequently asked questions, visit: www.mortgagesupermart.com.sg/about/frequently-asked-questions |