When shopping for a mortgage broker you need to find a broker that knowledgeable honest and willing to work with you. This markup of your mortgage interest rate serves only to boost the mortgage broker�s commission. Mortgage brokers have extensive contacts in the mortgage industry and can often provide access to loan offers you wouldn�t find on your own. Tell your broker that you will pay all necessary closing costs and a reasonable origination fee for their services but will not tolerate lender paid compensation. The problem with using a mortgage broker is that most are paid by commission and the mortgage that gives your broker the largest commission probably isn�t the right loan for you. You can learn more about your california mortgage broker options including costly mistakes to avoid with a free mortgage tutorial.
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