Benefits of using a mortgage broker
Another benefit of using a mortgage broker is, he only gets paid when he closes the loan. So, he is very motivated to get a lender that will approve your loan. So if your qualifications are marginal, get a good mortgage broker to work for you. If there is a lender out there who will give you a loan, a hungry broker will find it. A good broker have established relationships with lenders and investors, and they will know where to find a loan suitable for you.