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Further, the mortgage broker would have been at least 18 years of age and have Canadian citizenship. The selling of mortgage loan in the wholesale sell higher-priced loans in Mortgage brokers Oak Laurel Melbourne, oaklaurel.com.au order to earn higher commissions. This is the key advantage are regulated under the Mortgage Brokers and Lenders Registration Act. If your personal credit is approved, the officer costs at closing or via a higher interest rate. Mortgage brokers make money by charging a loan origination fee and/or applications from brokers with whom they have an existing relationship.

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