Can Realtors recommend lenders?
Real estate agents often hand out lists of recommended mortgage lenders.
An agent can’t survive in the real estate business without a good mortgage lender or two to refer.
In fact, buyers often don’t know which they should do first—select a mortgage lender or hire a real estate agent.
Should you talk to a lender first or a real estate agent?
It is better for first-time homebuyers to talk to a real estate agent before choosing a mortgage lender. Your loan is important, but your real estate agent is more important. Your mortgage is a small part of the transaction.
Is it better to use a mortgage broker or lender?
While using a mortgage broker seems like it would save you money because they have access to many lenders and programs. Brokers are paid commissions by the mortgage company, some lenders pay more than others. When working with a Bank, that loan officer only have access to their own mortgage programs and mortgage rates.
What is the difference between a realtor and a lender?
Real Estate Agents vs.
In a nutshell, real estate agents focus on the buying and selling of property while loan officers deal with the financial side of obtaining a mortgage. A loan officer can guide you while comparing loan products from different lenders to ensure you’re getting the best rates and fair fees.