What is the difference between a mortgage broker, a bank and a credit union?

A mortgage broker works with multiple lenders to shop rates and programs on your behalf, which can save time and may uncover options you would not find alone. A bank lends its own money and offers only its own mortgage products, which can mean streamlined processing if you already bank there. A credit union is a member owned institution that also lends its own funds, sometimes at competitive rates or with more flexible underwriting for members. Each has trade offs in rates, fees, service and loan options. The best fit depends on your financial situation and loan needs, and a licensed lender should confirm what works for you. Jon can connect you with one.

Specifics depend on your situation and should be confirmed with a licensed lender. Jon can connect you with one: text (623) 826-0888.