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What does a mortgage broker do?

Mortgage brokers negotiate loans between borrowers and lenders, researching the most suitable deals for each customers circumstances.

How are mortgage brokers paid?

Usually a mortgage broker is paid a commission from the lender the loan is offered by. Sometimes, the borrower is required to pay a fee.

Can mortgage brokers get me a better deal?

A mortgage broker may be able to use their negotiating power to find you a more competitive rate than you are offered by the bank.