Mortgage Lenders have two methods of selling their products, Residential Home Mortgages to consumers. Most lenders employ what are referred to as inside sales representatives. Typically these are lending officers at the local office levels of a bank, credit union or other type of local financial institution. About approximately 30% of the lending market is done this way. The balance of the business comes from Mortgage Broker or Mortgage Planners acting on behalf of a consumer submitting a mortgage application to the lender directly .

Mortgage Planners are typically individuals who operate as Mortgage Brokers but offer enhanced services that seek to strategize more efficient borrowing and lending services with an overall plan to minimize fees, taxes and increase cash flow. Their main goal is to quicken an individual wealth accumulation while providing accurate information on Real Estate Investments .

Both Mortgage Planners and Mortgage Brokers incur legal, moral and professional liabilities. Varying by province and state , they ensure that consumers are protected. Second opinions are often a good idea for any large financial transaction as long as they do not turn into wasting everybody time. When you are asking for a second opinion you should be up front and offer to pay for that professional’s time and expenses. By paying for their advice you enter into a contract and invoke the protection of their liability insurance. Remember free advice is usually bad advice especially if it has anything to do with mortgages .