A mortgage broker is an individual who negotiates on your behalf with lenders to get the best loan possible. The broker receives a commission for his services, which is usually built into the loan amount. According to federal law, brokers are not allowed to charge hidden fees or receive kickbacks from affiliated companies. While the…
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What You Should Know About Mortgage Broker Services
Mortgage Broker services are a great way to get the best interest rate for your mortgage loan. Mortgage brokers have access to exclusive rates and programs from lenders that you wouldn’t have access to yourself. Brokers also help protect your credit score, since you only need to make one application for a mortgage loan. In…