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Mortgage brokers are paid upfront and trail commission based on mortgage broker commission rates. Will you ever have to pay when getting a home loan? The cut is pretty much an administration cost and service fee for the services they provide such as distributing commissions, software, systems.
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How the mortgage industry nurtured deceit. – The term is mortgage-industry slang for what’s more formally called a “stated income” mortgage-a mortgage that a lender gives without checking tax returns, employment history, or pretty much..
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