Lender vs. Broker, What’s the Difference?!

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In home lending, there are generally 2 different types of entities you can get a loan from. The first is from a mortgage lender. The other is from a mortgage broker. When shopping for a mortgage, it is important to understand the strengths and weaknesses of both entities. Let’s dive right in by starting with some simple definitions. A mortgage lender is simply any financial institution that directly lends money out to borrowers for…

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