Unless you live under a stone (as I do), you've most likely heard the expression "mortgage broker" get tossed around. You may have heard great things, and you may have heard terrible things. Notwithstanding, a mortgage broker is basically a mediator between the borrower/homeowner and the bank or mortgage loan specialist. They work straightforwardly with both the buyer and the bank to help borrowers fit the bill for a mortgage, whether it be a buy mortgage or a renegotiate. Borrower/Homeowner <—Mortgage Broker — > Bank/Mortgage Lender As should be obvious from my somewhat simple, yet decently tedious chart over, the mortgage broker goes about as a contact between two imperative elements. The borrower/homeowner end is the retail side, while the bank/moneylender end is the wholesale side. So how can the subject of mortgage broker work? All things considered, once a borrower reaches a mortgage broker and consents to work with him or her, the broker will as...