Who usually pays a mortgage broker fees?
If you’re considering working with a mortgage broker, you may be wondering if broker fees are always charged. The truth is, broker fees are not always a requirement. Some brokers may offer their services at no cost to the borrower, as they receive a commission from the lender.
At Pekoe Mortgages, we understand the importance of transparency and being upfront about our fees. If we don’t charge a fee, we will always be clear about how we are compensated for our services. However, it’s important to remember that the absence of a fee doesn’t necessarily mean the mortgage is the most cost-effective option. A reputable mortgage broker can help you evaluate the overall cost of a mortgage and help you find the best deal for your financial situation.
