Do you pay a fee to a mortgage broker?
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Studied at the University of Seoul, Lives in Seoul, South Korea.
Unlike loan officers, mortgage brokers don't work for banks. They operate independently and must be licensed. They charge a fee for their service, which is either paid by you, the borrower or the lender. The fee is a small percentage of the loan amount, generally between 1% and 2%.Jun 4, 2014
2023-06-07 06:16:21
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Unlike loan officers, mortgage brokers don't work for banks. They operate independently and must be licensed. They charge a fee for their service, which is either paid by you, the borrower or the lender. The fee is a small percentage of the loan amount, generally between 1% and 2%.Jun 4, 2014