Why mortgage brokers encourage their clients rather than mortgage lenders?

When negotiating your mortgage, there are two parties who are adversaries: the borrower and the lender. One wants to pay less interest and the other wants to make as much profit as possible. The mortgage broker involved in this relationship between the two parties to negotiate the terms of the mortgage borrower with the lender. It begs the question: Is the mortgage broker works... Read More

How is your mortgage broker paid?

Some people are surprised when I explain that my services are Free. But the lawyers, accountants and other professionals asking for fees. It is normal that each person is paid for the work she does, then how is paying a mortgage broker? The mortgage broker’s commission [Note: I always thought it was important to understand how a person is paid for services it provides. This... Read More