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mortgage broker fees explained: Commission and costs to. –  · Mortgage broker fees explained: Commission and costs to watch out for. Mortgage advice can save you money, but you usually need to pay a fee. Here’s our breakdown of fees, from commission to.

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Mortgage broker A company or individual that places mortgage loans with lenders, but does not originate or service loans like a mortgage banker. Mortgage Broker One who facilitates transactions between mortgage borrowers and lenders. Mortgage brokers are responsible for providing paper work between the parties and generally streamlining the process of.

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