And those brokerage firms work with hundreds of different lenders today. thousands of companies and individuals brokering.
Think of mortgage brokers as scouts. They find and evaluate home buyers, analyzing each person’s credit situation to determine which lender is the The mortgage broker working to secure your loan is earning a fee for the transaction and the better deal they achieve for a lender, the more they are paid.
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Mortgages are complicated financial transactions, but with the right tools and. how mortgage lenders decide if they will loan you money for your new home.
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From Freddie Mac’s weekly survey: The 30-year fixed averaged 4.41 percent, up six basis points from last week. It’s the first increase in five weeks. The 15-year fixed rate averaged 3.83 percent, also.
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