Mortgage Broker - Bad credit mortgage and second mortgage broker

A mortgage broker acts as a mediator between borrower and mortgage lender. It is very difficult to get bad credit mortgage loan or second mortgage without a mortgage broker. Most of the people do not know about mortgage products and interest rate. A mortgage broker can guide them by giving proper financial advice. Mortgage brokers probably originated 65% of all home loans last year, according to a managing director at Wholesale Access Mortgage Research and Consulting Team. The survey of more than 800 brokers by the Washington firm Campbell Communications put the lender's subprime products toward the top, though well below nonprime specialists.