Asked by Annalee123, Sacramento, CA • Wed Sep 22, 2010
I've been working with a mortgage broker, but have settled on a bank owned home. The bank is offering me good incentives and a good interest rate so it make sense to just use them for the loan. What would be an appropriate amount to pay my mortgage broker for the work he's done? He's sat down with me twice and explained a lot of the way loans work with me. He has collected all my paperwork and even volunteered to send it over to the bank so I didn't have to do it twice. He's always answered my phone calls and has been extremely helpful. I would like to pay him for his time and effort. What is a good amount? If it makes any difference, the house is $150,000.
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