Using a Lender or a Mortgage Broker
Many institutions lend money for mortgages – banks, trust companies, credit unions, pension funds, insurance companies, and finance companies. Different institutions offer different terms and options – shop around!
Mortgage brokers don’t work for any specific lending institution, their role is to find the lender with the terms and rates that are best for the buyer.
Ask around. Your realtor, another professional, family members or friends can give you helpful suggestions and referrals.