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Using a broker. The go-between. With so many different lenders and credit providers to choose from, you may decide to get a finance or mortgage broker to do the legwork for you.
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· Mortgage brokers paid on commission In most cases, a mortgage broker earns a one-time commission from the lender. The amount can vary from 0.50% to about 1.20%, depending on the type of mortgage.
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· whats the difference between a mortgage broker a real estate broker and a realtor and is it essential to.. A mortgage broker may work with a number of lenders to assist a buyer in finding the right loan. A loan officer may work for a bank or a broker.
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