A mortgage broker usually does not have money to lend. A broker acts as an intermediary between the borrower and the lender. You submit a loan application and all of your supporting financial documentation to your broker, rather than directly to a lender. The broker hires a lender-approved appraiser to appraise the property for you.

Brokers shop the mortgage market for their customers to find the best interest rate and terms possible. When the borrower decides on a mortgage product, the broker assembles the loan package, which consists of the borrower's application, financial documents and the appraisal, and submits it to the lender for approval. The lender's underwriters grant final approval.

Mortgage brokers work on commission. They charge borrowers a fee (called points) for their loan brokering services. (One point is equal to one percent of the loan amount.) The broker's fees may be in addition to fees charged by the lender.
Why pay fees twice with a broker?
IMO your're going the right route.
Ive had two loans with BofA with no issues
With BofA you have to go into A brick and mortar to get good loan service
Calling on the phone and internet home loans sucks with BofA.
Best service ive had with all my loans over the years is Chase Manhattan,
and Flagstar Bank
Walk into your local brick and mortar ie chase,citi,BofA,credit union
and ask to speak with a loan officer





A man that knows what he's talking about