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While mortgage brokers used to dominate the home loan business, new regulations and changes in the way these financial professionals get paid have shrunk the number of brokers in business. However, according to the lending industry publication Inside Mortgage Finance, one out of every 10.
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Mortgage brokers are paid upfront and trail commission based on mortgage broker commission rates. Will you ever have to pay when getting a home loan? Arrears means that your late with your mortgage repayments and this can escalate to default if you haven’t made repayments for 60 days.
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