Although this question may sound like the beginning of a riddle, the difference between a banker and a broker is an essential question potential home buyers should all know the answer to.
Both a banker and a broker work towards getting you a home loan but, as Waleed Delawari, President of Delaware Pacific, explained a banker has allegiance to an institution while a broker has a flexibility to “shop around” for the best deal and fit for their client.
Delawari adds that a broker is the best choice for a first-time home buyer because they can give more personalized attention and even create a home loan plan. Brokers work closely with loan-seekers rather than loan-makers.
If you have more questions about what makes a broker different than a banker consult with Delaware Pacific. They are located at 959 E. Walnut St. Suite 250 in Pasadena and can be reached by calling (626) 486-1775. You can visit them at www.delgrp.com.
