Why do Brokers charge fees or points?
To become a broker takes years of working in the industry to find the Lenders and to build the relationships needed in order to source the funds. It also takes years of experience to learn how and why we have to put or build your loan packages in order to find a lender willing to fund your loan. If a lender finds something they do not like in your loan package it will be rejected and the Broker will have to find another lender. Industry experience this is why a Broker can locate the funds you need when you need it! Brokers work on earnings made from the loans they fund for you. Brokers lose money if they do not find a lender for your loan needs.
