What percentage does a mortgage broker get for a refinance loan?


Posted March 21st, 2010 by admin 3 Comments »
broker
Smoothcat asked:


Wondering how much my mortgage broker will make off of me. I’m getting a $250,000 loan on a $500,000 house w/ $300,000 in equity. Thanks.

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Posted in Other - Business & Finance | 3 Comments »

How much does a mortgage broker make of a deal for a home refinance?


Posted October 7th, 2009 by admin 5 Comments »
broker
Frank Rizzo asked:


How much does a mortgage broker make off a refinance loan? vs How much does a bank employee doing a refinance make off a refi loan? Besides ideal credit scores, what steps can be taken to ensure getting the best possible rate?

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Posted in Renting & Real Estate | 5 Comments »

Would getting into the mortgage refinance (broker) business be a smart decision right now?


Posted April 9th, 2009 by admin No Comments »
business broker
Aaron asked:


I have been watching mortgage interest rates drop dramatically and recently was approached with a job opportunity, refinancing VA home loans. The job is 100% commission and pays well, but if the interest rates climb back up, I would be unemployed. Any thoughts?

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Posted in Renting & Real Estate | No Comments »