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We're the Consumer Financial Protection Bureau (CFPB), a U.S. government agency that makes sure banks, lenders, and other financial companies treat you fairly.

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What is the difference between a mortgage broker and a mortgage lender?

Answer:

A lender is a financial institution that makes loans directly to you. A broker does not lend money. A broker finds a lender. A broker may work with many lenders.

Whether you use a broker or a lender, you should always shop around for the best loan terms and the lowest interest rates and fees.

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