How can mortgage brokers make money
Mortgage brokers make money by charging fees for their services. They may also can receive commissions from lenders for originating loans. They typically work with multiple lenders and can help borrowers compare rates and terms to find the best mortgage for their needs. If you’re considering a new home loan or looking to refinance your existing mortgage, you may be wondering how mortgage brokers get paid. Here’s a look at how these professionals earn their keep. Please verify all this information listed from a licensed mortgage company prior to securing a loan.