21 Nov
Mortgage broker’s fee
One of the final points in your mortgage contract might mention your broker’s fee. It is always good to make sure if it is there as in some cases brokers receive commission from the company they work for whereas at other times they may want to charge 1% or 2% of the amount you are to borrow. As in such case the the money they receive is in fact added to the total cost of your mortgage you might want to make sure how what your mortgage contract says about it. If the mortgage broker wants to charge 2% or more you might try to aks for reduction to same some money, or look for another bank that charges less.