welcome to county office your ultimate guide to local government services and public records let's get started what is a mortgage lender versus broker a mortgage lender is a financial institution that provides funds for Home Loans they can be banks credit unions or specialized mortgage companies lenders assess the borrower creditworthiness and financial situation they determine the loan amount interest rate and repayment terms once approved the lender disperses the loan directly to the borrower the borrower then repays the lender over time typically through monthly payments on the other hand a mortgage broker acts as an intermediary between the borrower and potential lenders Brokers do not lend money directly instead they help borrowers find suitable mortgage options Brokers have access to multiple lenders and can compare various loan products this can save the borrower time and effort in the loan search process Brokers often charge a fee for their services which can be a flat rate or a percentage of the loan understanding the roles of mortgage lenders and Brokers can help borrowers make informed decisions choosing the right option can impact the overall borrowing experience to learn more check out these links which you can click in the description below and feel feel free to comment your questions we're here to help thanks for tuning in to our video please like And subscribe and leave a comment below see you in the next video [Music]