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Real Estate vocabulary · Mortgages & Financing

Mortgage broker

Meaning in real estate, with examples

nounCommon term

In real estate, mortgage broker means: An adviser who compares loans from many lenders and helps buyers find and apply for a mortgage, paid by a fee, by the lender or both.

In Turkish: kredi aracısı, kredi danışmanı

How it is used

Common in the UK, the US and Australia. Agents often refer buyers to a mortgage broker early in their search. Brokers talk about deals, products, rates and lender criteria.

Example sentences

  1. Our mortgage broker found a deal with a lower rate than our own bank offered.

  2. Have you spoken to a mortgage broker yet?

Common collocations

  • independent mortgage broker
  • speak to a mortgage broker
  • broker fee
  • whole-of-market broker
  • mortgageA long-term loan used to buy a property, in which the property itself serves as security for the lender until the loan is paid back.
  • lenderA bank or other financial company that lends money, especially one that provides mortgages to home buyers.
  • pre-approvalA lender's written statement, given after checking a buyer's income, debts and credit history, that it is willing to lend up to a certain amount.
  • interest rateThe percentage a lender charges for borrowing money, which decides how much a mortgage costs on top of the amount borrowed.

More terms: Mortgages & Financing

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