Learning center
Mortgage Brokers
Why broker pricing usually beats the retail rate-quote game.
Overview
A broker shops wholesale pricing across many lenders; a retail loan officer sells one menu and carries that company's overhead in the price. These guides explain how loan pricing is built, what a rate sheet actually looks like behind the scenes, and how to read a quote so you can tell a genuinely competitive offer from a teaser number that changes at lock.
Who this is for: Borrowers comparing quotes from banks, online lenders and brokers.
What you'll learn
- •How wholesale and retail pricing differ on the same loan
- •Reading a Loan Estimate and comparing lender credits against fees
- •Common quote tactics: low rate with hidden points, or fees disclosed late
- •Why the smallest lender often has the best price on niche property types
1 guide in this topic
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