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Mortgage broker – Wikipedia – A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses. Traditionally, banks and other lending institutions.
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What Is a Mortgage Broker, and Should You Use One? — The. – Mortgage brokers make their money by charging origination and or broker fees, which are paid when the loan is originated (at closing), and typically fall in the 1% to 2% range per loan.
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How Much Does A Mortgage Broker Make? – On Property – Mortgage brokers also tend to work with an aggregator which is someone that brings all the lenders together for the mortgage broker to access. Now, those aggregators will also take a cut themselves and how much of a cut that aggregator takes, varies from aggregator to aggregator.