Do mortgage brokers receive a higher commission for delivering adjustable rate mortgages to the banks? - adjustable mortgage rate barrow alaska
I am a CPA, but I'm not quite sure how the mortgage broker process. I have said incomplete information in the past that the higher the rate, plus a commitment from the bank in paying the loan back. I think they are the exact conditions in which the sentence on the bank "type of hand." Now I've heard that when the agent takes the bank a floating rate note that the agent receives, and the Commission. Is that true?
Thank you,
R. Craig Fechter, CPA
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