Usually, mortgage lenders pay a commission or a fee for selling their products. Thus, they don’t pay the broker anything. Some brokers get paid a standard fee regardless of what loans they suggest. Other brokers get a higher fee for providing certain loans.
Sometimes, a broker will charge you a fee directly rather than a lender’s commission. If you are not sure whether you are getting a good deal, you should ask around and look online to see what other brokers charge.
