An Upfront Mortgage Broker will disclose their fees in writing. They will also disclose the wholesale rates passed through from lenders. When everything is completed the borrower pays the Upfront Mortgage Broker fees and the wholesale lending fees. This type of broker has the interest of the customer (borrower) as their number one priority.

Upfront Mortgage Brokers often receive rebates and or credits from third parties. Since the fees are in writing upfront they must credit the borrower for these fees. This is the type of broker to use if you require the most amount of assistance when seeking a loan.

Conventional Mortgage Brokers (MBs) are what most people use when searching for a broker. These brokers can handle the needs of the average borrower.