How do brokers make money?
In Loans - Mortgages - Asked by Admin - 11 months ago
Brokers make money by charging a fee on your loan either in points at closing or with an add-on to the interest rate.
Answered by Admin - 11 months ago
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If you are purchasing a home you will probably need a Mortgage. Mortgages are typically for home purchases and can be for new loans or refinances. Typically people refinance a home to take equity out of their homes or secure a lower interest rate. Interest rates affect mortgages. If you have mortgage questions such as "how do brokers make money?" or need help or answers Zuuply.com can help.