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Which one would be able to pre-approve for a higher loan a broker or dealing with a bank?



Which one would be able to pre-approve for a higher loan a broker or dealing with a bank?

A Broker peddles Bank loan programs. If you go to a bank, your options are limited to what that Bank offers. If you go to a Broker, he/she will research many Banks to find what you are looking for.
Broker
http://www.freewebs.com/get-loans/...
Since they both sell to the same investors both are subject to the same investor guidelines and the investors are the ones who make the rules, not the lenders or the brokers.

Brokers would like you to think that they can do more but a mortgage banker who has the ability to broker as well has all of the same options and may have some in-house programs to which brokers do not have access.

When you interview loan officers ask them if they can fund loans from their own warehouse line and broker as well. In order to maximize your options, you want to seriously consider the ones who answer yes to that question.
20+ years as a direct mortgage lender
A broker
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