The fee is based on banks costs of doing business. $2,310. A brokering business could not survive on this sort of fee, not with just how much work goes into a mortgage. Its absolutley not a level playing field.
Major Banks also frequently do cash backs. They could just refund the fee on settlement, brokers wont have such a luxury.
The fee is based on banks costs of doing business. $2,310. A...
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