If you are going to apply for a mortgage, you will feel that you are in a sort of battle with the lender,beats by dre, since you are on two different sides of the transaction. The lending institution wants the highest interest rate so he can increase his profits,casque dr dre, and you want the lowest interest rate so you can have the lowest home loan payment. A mortgage consultant (courtier hypothecaire) will be a middle man in these transactions.

Does this mean that the broker is working for the lender or for the borrower? If you know that the lending institution pays the brokers fees,franklin marshall, you will make the assumption that the broker works for the lending institution,louboutin pas cher, but this is not the case.

The mortgage industry in Canada is extremely competitive. Some massive mortgage brokers have several billion dollars worth of home loans every year. Many lending institutions want to work with mortgage brokers (courtier hypothcaire),abercrombie and fitch, who can give them additional business.

The lending institutions pay all of the brokers about the same commission. Therefore,louboutin, brokers (courtier hypothcaire) are impartially independent,louboutin pas cher, since they will make the same commission from any one of the many lending institutions. The borrowers are pleased that the lender pays the commission,casque beats, and he does not have to.

This kind of competition makes lenders want to work with brokers to expand their business prospects,moncler pas cher, and it means that a borrowers application can be seen by dozens of lenders.

This is the reason the borrower can be considered a client of the broker (courtier hypothcaire). A broker wants to get the optimal home loan package for each of his clients.

The broker makes his same commission from any of the lenders he works with, so in order to make more money, he will want to expand his client base by -creating satisfied clients who will return to him each time they refinance or buy a new home -creating a network of potential clients who are the friends,louboutin, relatives and associates of his satisfied customers

Mortgage brokers (courtier hypothecaire) earn their money by the fees they earn. Their radical interest is to serve the borrowers and build up a reputation so that their business will grow based on recommendations.

All of this means that, even though the lender pays the brokers fee, it is the borrower that the broker works for and wants to keep satisfied.相关的主题文章：

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