The truth is most mortgage brokers only look at you as a potential pay check, and never plan on ever having to see you again! Their goal is to sell you a loan that makes them the most money possible.
How can a loan officer make a living if their loans have no fees? The truth is that they have a variety of ways of making money off your loan, most of which they won't tell you about! Hidden charges & increased interest rates all cost you money and put cash in your loan officers wallet!
The honest truth is that I don't pay my bills off of the loans I make. I primarily do loans as a service to my clients, so I know that they will get a good loan at a fair price. All of the fees for a loan you do through me are explained up front.
It does happen that another lender may have a program that I don't have access to, or a client has a loan already processing when I meet them. For those people I offer a no obligtion loan review. To make sure that they are getting the best deal possible, I will review the estimated costs associated with their loan and look for any hidden charges or fees. This doesn't eliminate all the possible problems, but it does save my clients money!
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biznik