How a Mortgage Broker Gets Paid

Mortgage Bokers that provide low rate ‘A’ business for clients with good credit typically do not charge fees. Instead the Broker is paid by the lender for their service in setting up the mortgage application, gathering required documentation and ultimately bringing the business to the lenders’ table on a silver platter. For ‘B’ mortgages’ Alternative Mortgages, or Second Mortgages, a Mortgage Broker will charge a fee, because these mortgages are more complex and Brokers are usually not paid by the Alternative lenders. So there is a big difference between higher credit and lower credit Mortgage deals, and how brokers are paid.

The Altrua Difference… Altrua goes a step further…