Mortgage Broker

How A great deal Does A Mortgage Broker Make? (Ep172)

How a lot does a house loan broker make for each deal and how a lot do they are inclined to make for each 12 months?

Mortgage brokers are compensated on a commission basis from the banking companies or the creditors that provide you with your personal loan. So how a lot do house loan brokers make? We are going to break this into two types, firstly, how a lot they make for each deal and next how a lot they frequently make for each 12 months.

Today we are conversing about house loan brokers and much more particularly how a lot they make for each deal and how a lot a house loan broker tends to make for each 12 months.

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  1. if brokers are paid different comissions by different lenders then there is incentive for them to sell you loan that he make most money on?

  2. would you also like to do a video on what it costs for that broker to write that loan?? banks outsource the process, so they aren't paying staff, computers, office space etc etc…..and how bout we look at what it costs to maintain and service the client.

  3. Just a heads up to any potential mortgage brokers here. Trailing commission also referred to as "legacy commission", and has been heavily clamped down on in the UK. Point being, i wouldn't expect this form of payment to still be a factor.


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