Query: Which one is better between a direct lender and a broker?
Context: Each one comes with its benefits. A broker offers you a variety of options as they work with multiple lenders. However, this comes at a cost. You have to pay commissions, which further compounds into the price of the loan. For direct lenders, they deal with your directly, quickly processing your loan. You don’t have the benefit of options, though. You have to move from one lender to another if you must get the best bargain.