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4 Must-Ask Questions When Choosing a Mortgage Broker – At NerdWallet, we strive to help you make financial decisions. Our opinions are our own. Choosing a mortgage broker might seem like a no-brainer if you go with whoever quotes you the lowest rates.
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By using our mortgage broker search with an extensive database of almost 5000 brokers, you can narrow down your search to a local suburb, region, or by company name. Get to know how much you can potentially save annually with a 25-basis-point mortgage rate cut.
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NCB’s rates were about a half-percentage point higher. Yet, when I checked NCB’s pricing. last year’s payment was $200.
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Mortgage brokers are paid upfront and trail commission based on mortgage broker commission rates. Will you ever have to pay when getting a home loan? To be clear, mortgage brokers don’t work for the banks, although there are some mortgage brokerages that are partly-owned by banks and larger.