When you’re in the market for a home loan, you’ll likely come across terms like “mortgage broker” and “mortgage originator.” While these professionals play critical roles in helping you secure financing, their responsibilities and how they serve you differ significantly.
Where Does the Money for Your Mortgage Loan Really Come From?
If you’re considering a mortgage loan, you might wonder where the money actually comes from. It’s not as simple as walking into your neighborhood bank and getting a loan directly from their vault, like it used to be decades ago.