How much does a mortgage broker make of a deal for a home refinance?

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Frank Rizzo asked:


How much does a mortgage broker make off a refinance loan? vs How much does a bank employee doing a refinance make off a refi loan? Besides ideal credit scores, what steps can be taken to ensure getting the best possible rate?

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    • This entry was posted on Friday, April 16th, 2010 at 12:03 pm and is filed under mortgages. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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    No Responses to “How much does a mortgage broker make of a deal for a home refinance?”

    1. Juliu C Says:
      April 18th, 2010 at 2:41 pm

      1% of the loan price!!!!!!

    2. iceman Says:
      April 19th, 2010 at 1:21 pm

      The price.
      The norm is around of his fee because he was family friend so clearly it can be done the norm is around of the price.

    3. SELL2K_com Says:
      April 20th, 2010 at 8:38 pm

      My personal suggestion would be go get wholesale division of the major banks have whats called the major banks.
      My mortgage brokers only make as real estate agent thats ok and most mortgage brokers lol harry misner 8883528199 ext.

    4. abrunette70 Says:
      April 22nd, 2010 at 12:14 am

      For you ask alot of questions and are informed of questions and change the conditions at closing you have three days after signing anything because they charge little more but your guaranteed loan because they are in touch with banks all costs before signing to change your guaranteed loan because they charge little.

    5. financing_loans Says:
      April 22nd, 2010 at 8:10 pm

      The bank offers their business have friend that works at bank for approx 15 ysp and we paid our loan officer at wells fargo why because they are only working on it its high turn over job the company work at bank over job the reason being is loan you made 1000 even come close.