Should I do business with a broker or a lender?

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"I have read all your articles about mortgage brokers and lenders, and I still don't know which to go to. Can you convert your generalizations into specific suggestions about who should see a lender, and who should see a broker?" If borrowers could shop for home loans as easily as they can shop for the houses that secure the loans, it wouldn't matter whether you dealt with a broker or a lender. You would shop the market for the best price, and whether the loan provider offering it was a broker or a lender wouldn't matter. Because the home loan market is so difficult to shop, however, the type of loan provider can matter to some borrowers. The key difference between brokers and lenders is that brokers offer loan programs from many different lenders. This means that brokers are more likely to find a loan that will meet the specialized needs of borrowers than a single lender. For example, many lenders won't offer loans to borrowers with poor credit, borrowers who can't document their i...