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How Much Do Mortgage Advisors Charge? They will probably save you money Mortgage brokers either have access to thousands of lenders and they can find you deals or they are tied to specific lenders and they may be able to get you an exclusive deal Ultimately you are probably more likely to get better rates with a mortgage broker than without.

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When lenders compensate mortgage brokers they typically pay between 05 and 275 of the total amount of the loan When borrowers pay the commission mortgage brokers usually charge an origination fee that equals less than 3 of the loan amount.

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While no college-level degree is required mortgage brokers need at least a high school diploma in addition to 20 hours of training at an approved institution.

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