Buying a home is a quite a challenging process. Although the interest rates are low, the whole process of getting a mortgage is not easy and it comes with a lot of regulations and stipulations which can hardly be termed easy. The whole process is scary unless you get someone really reliable to walk you through the whole process. The mortgage lenders will provide you with the money to buy that house that you want.

Some banks use someone termed as the “mortgage broker” who acts as the middleman between the bank and the borrower. But there are banks that don’t make use of a mortgage broker as well. These banks instead provide retail-level financing to potential buyers. Whether you opt to choose a bank that uses a broker or one that doesn’t use a broker is up to you and both of them have their pros and cons.

Banks that use mortgage brokers make good mortgage lenders as the brokers help applicants who do not qualify at a bank to obtain financing. The interest rates in this type of approach might also be low when a person directly approaches a bank for a mortgage.

When the borrower approaches the bank directly as a mortgage lender without the need to go through a middleman, then he has direct contact with the bank and it is even better if the applicant has an existing account with the bank as it would be easier to get a mortgage. The whole process of getting a mortgage then becomes easier and hassle-free. These banks as top mortgage lenders have a very strong reputation to uphold as they are often the most top traditional banks around. Hence, there is a sense of security and safety in this process.