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A typical Canadian mortgage agent is paid commission by the lender that he or she funds his or her borrower’s mortgage through. For example, if a borrower requires a mortgage in the amount of $500,000 to buy a house in the GTA and the mortgage broker can place the deal with TD Canada Trust, then the bank will pay the broker a finder’s fee or commission.

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Most mortgage brokers are paid on commission, however, and the pay scale is very broad. A typical salary might fall anywhere in the range of $28,932 to $176,393 annually, depending on how much business you generate. Industry. Mortgage brokers work in the real estate industry, brokering deals between current and would-be homeowners and banks.

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How Much Does A Mortgage Broker Make? (Ep172)Wondering just how much does a mortgage broker make? First, we must define what a mortgage broker is, the education it takes to become a mortgage broker, what a mortgage broker does, and how a mortgage broker gets paid.

That makes at least 780,000 licensed agents in NAR, which only make up a portion … shop around for a mortgage with multiple …

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Wondering how to get a mortgage … Once you can do that without hyperventilating, you can research the more nuanced idea of …

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If you go to a mortgage broker, he or she should have a variety of loan options from various lenders. It’s the mortgage broker’s job to find the best mortgage rate tailored for you.

A mortgage broker, on the other hand, may work from an office or from home, and spend most of the work day on a computer or telephone. Whatever your choice, good luck in your job search.

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