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Updated over 11 years ago on . Most recent reply

John McCarthy's profile image
John McCarthy's profile image
John McCarthy
  • Carpenter
  • from Plympton, Massachusetts
  • Member since Sep 18, 2011
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John McCarthy's profile image
John McCarthy's profile image
John McCarthy
  • Carpenter
  • from Plympton, Massachusetts
  • Member since Sep 18, 2011
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John McCarthy
  • Carpenter
  • Plympton, MA
4
Votes |
9
Posts
Private Lending & Conventional Mortgage Advice

Mortgage Brokers fees?

John McCarthy
  • Carpenter
  • Plympton, MA
Posted

What do mortgage brokers charge. We had a broker who wanted us to sign a contract for acommercial loan and his fee was 1% of the loan. ($4,600) This seems outrages to us.

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Dion DePaoli's profile image
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Dion DePaoli
  • Real Estate Broker
  • from Northwest Indiana, IN
  • Member since Nov 12, 2011
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Dion DePaoli's profile image
Dion DePaoli's profile image
Dion DePaoli
  • Real Estate Broker
  • from Northwest Indiana, IN
  • Member since Nov 12, 2011
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Dion DePaoli
  • Real Estate Broker
  • Northwest Indiana, IN
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Dion DePaoli
  • Real Estate Broker
  • Northwest Indiana, IN
Replied

One caveat to the post. He should be asking for that based on his success of getting you the loan. I wouldn't ask for it up front.

  • Dion DePaoli
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