
A mortgage is a credit loan used to cover the cost of property or home. The mortgaged property is considered as security for debt or loan which will be possessed by the mortgage agent if the buyer defaults on the loan.
A mortgage broker is the intermediary between a borrower and mortgage lenders. Mortgage brokers provide aid to buyers in securing the best type of mortgage at best rates. They charge their broker fees, which are paid once closing occurs.
A mortgage lender is the original Organization like banks that provides the funding loans for the purchase of real estate and home.
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