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2007-03-27 23:50:00 · 2 answers · asked by Anonymous in Business & Finance Personal Finance

2 answers

Mortgage brokers find you a lender when you apply for a loan. That is, they have a list of lenders whom they will approached when someone, like you, who needs a mortgage loan. They will be paid either by you in the form of points or fees tacked to your mortgage or paid by the lender which is in reality paid by you in the form of higher interest rate or other miscellaneous fees called junk fees.

2007-03-28 02:13:34 · answer #1 · answered by RE-AGENT 2 · 1 0

http://www.fairinvestment.co.uk/guide_for_first_time_buyers.aspx
http://www.bestsyndication.com/?q=090606_need_to_know_loan_brokers.htm

2007-03-28 01:07:02 · answer #2 · answered by mystic_chez 4 · 0 0

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