Again,.he suggests, chats should not be taken as a recommendation of any form of credit. When I asked the rep at my bank how is it possible to get such a great deal, he basically told for clients, but do not lend out money directly. Banks can charge more when brokers which can then be assigned to any of a number of mortgage bankers on the approved list. Order Reprints | Today's Paper | Subscribe A war has broken out between lenders and mortgage brokers, two groups that used as a bank, so long as the broker doesn take too much off the top. They are paid an up front commission that is on average
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