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Can mortgage broker charge termination fee

 
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Vote:
Asked by

Rosario


Hello! Can mortgage broker charge termination fee?
0     In Mortgage Cont.06

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    Q. Can a mortgage broker charge me for their services?


    A Mortgage Broker can charge for their services, but since the banks do pay them it dosent seem fair if you get a Broker that is asking for extra funds. I worked with a broker for my renewal and they asked me for $500.00. I looked around and found that Easyrate gave me the same mortgage rate and same mortgage product and they did not charge me at all. My Mortgage Agent told me that only the hardest deals to get approved or the ones that get you a super low rate with a broker fee should ever be charged. So look around. I think you can find better. Hercule....

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    Q. Can a mortgage broker charge me for their services?


    Same here no service charge or fee with easyrate. My Bank didnt want to charge me a fee but they couldnt get the same rates. Sorry TD you lost my business.

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