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Why do mortgage lenders make so much money?

Because lenders use their funds to extend mortgages, they generally charge an opening fee of 0.5% to 1% of the value of...

Are mortgage brokers self employed?

Most mortgage lenders require at least two years of stable self-employment before they can qualify for a home loan....

Do you get better rates with a mortgage broker?

A mortgage broker can help you find a mortgage by getting loans from a variety of lenders. Mortgage brokers can help you...

What is mortgage brokers commission?

Mortgage brokers can work independently or belong to a brokerage agency. They generally earn a commission of about 1% to...

Why private lenders are better than banks?

Private lenders take a more customizable and personalized approach to lending. For example, a private lender might ignore ...

What's it like being a mortgage broker?

Mortgage brokers must adapt to their clients' schedules, and a friendly, outgoing personality can help clients a lot....

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