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.
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A mortgage broker can help you get the right mortgage. Find out what they do, the pros and cons of using them, and how to choose one. A mortgage broker is a person or company that can arrange a mortgage between you (the borrower) and a mortgage lender.
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