Home loan officers typically receive money 1% associated with the loan amount that is total.

Home loan officers typically receive money 1% associated with the loan amount that is total.

We explore the reasoned explanations why loan officer payment is harmful to customers. So we provide an alternative Better that is— Mortgage loan officers whom don’t receive money commission, ever.

Loan officers will be the point that is main of for borrowers through the entire home loan application procedure at nearly every mortgage company. That’s a job that is important appropriate?

The typical loan officer is paid 1% of the loan amount in commission in return for this service. On a $500,000 loan, that’s […] Read more