More than half of Americans found a mortgage loan through a broker last year. Many mortgage brokers work hard to find their clients the right loan. But studies have shown that many brokers steer clients to subprime or unfairly priced loans that cost more — sometimes tens of thousands of dollars more — than they should have.

 

To find an FAQ created by the Fair Mortgage Collaborative which explains what brokers are, what they do, and how to find a good one who will help you get a fairly-priced loan, click here.

 

You may also want to look at a study of brokers conducted by the Center for Responsible Lending. To see the study, click here.

 

More than half of Americans found a mortgage loan through a broker last year. Many mortgage brokers work hard to find their clients the right loan. But studies have shown that many brokers steer clients to subprime or unfairly priced loans that cost more — sometimes tens of thousands of dollars more — than they should have.

 

To find an FAQ created by the Fair Mortgage Collaborative which explains what brokers are, what they do, and how to find a good one who will help you get a fairly-priced loan, click here.

 

You may also want to look at a study of brokers conducted by the Center for Responsible Lending. To see the study, click here.