Not at all. I get paid either by the lender or by you — not both. If the lender pays me, it’s built into the rate they offer. If you pay me directly, it’s upfront, clearly disclosed, and typically comes with a deduction in rate. Either way, you’re not paying extra just because I’m a broker. That means you get professional guidance and competitive options at no extra cost.
Mortgage brokers exist because large lenders realized how expensive and inefficient it is to originate loans directly with consumers. Instead of building massive retail sales teams, lenders work with independent brokers who already have local relationships and market knowledge. This setup allows lenders to cut costs — and gives borrowers access to more options, better service, and competitive pricing.