Check with the Better Business Bureau or your local chamber of commerce . Ask your friends if have done business with mortgage brokers they are happy with. Find out which mortgage brokers publish or advertise their rates daily. This way you can monitor their rates. Support electronic commerce and do business with companies on the 'Net.
Direct lenders are generally larger organizations than mortgage brokers and better capitalized.
Direct lenders have fewer programs than mortgage brokers but may have more knowledge of the details of their programs. This may sometimes mean faster approvals. They generally sell their loans to investors like Fannie Mae and Freddie Mac . Mortgage bankers may interpret these guidelines based on their own lending philosophy. Banks Offer a wide range of financial services including mortgages.