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 natural. The whole process is scary unless you get someone reliable to walk you through the entire process. In come the mortgage lenders, who will provide you with the money to buy that house that you so want to.

Some banks use someone termed the ‘mortgage broker’ who acts as the middleman between the bank and the borrower. But some banks 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 an agent 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 lower than when a person directly approaches a bank for a mortgage.

When the borrower contacts the bank directly as a mortgage lender without the need to go through an intermediary, then he has direct contact with the bank, and it is even better if the applicant has an existing account with the bank as he would already have a relationship with the bank. The whole process of getting a mortgage then becomes easier and hassle free. These banks as top mortgage lenders have a solid 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.