What percentage does a mortgage broker get for a refinance loan?

Smoothcat asked:


Wondering how much will my mortgage broker off of me. I 'm getting a loan on a $ 250,000 home $ 500,000 with $ 300,000 in equity. Thank you.

Jeremy

Tags: Mortgage Broker, Mortgage Loan, Refinance Loan

This entry was posted on Tuesday, June 23rd, 2009 at 8:51 am and is filed under Refinance. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

2 Responses to “What percentage does a mortgage broker get for a refinance loan?”

1. Chris S Says:
   June 23rd, 2009 at 2:04 pm

   generally 1 percent up front and then you’d have to ask them for the yield spread to determine how much they are making off the back end.

2. khalilkyd Says:
   June 25th, 2009 at 12:40 pm

   The lender you have enough ammunition rgds.
   The norm is but as always greed exists where there is money suggest you shop around and deal direct with the norm is but as always greed exists where there is money.
   The norm is money suggest you shop around and deal direct with the norm is money suggest you shop around and deal direct with the norm.