Common Contracts
1 similar Mortgage Broker Fee Agreement contracts
Mortgage Broker Fee Agreement and DisclosureMortgage Broker Fee Agreement • December 2nd, 2016
Broker services • This disclosure explains our services, our fee, where you can find our fee on the Good Faith Estimate we give you, and how to lock your interest rate. • As your broker, we will invest time in researching, processing, and providing assistance to you in the home loan process. We are not employees of the lender in this transaction. • We will be paid for the time and effort spent on your behalf, and you are agreeing to pay us as your mortgage broker. These fees will be disclosed in the Good Faith Estimate, as described below. Our fee and how we will be paid • You may choose to pay our fee in one of two ways: 1. Upfront when your loan closes. You may pay by one or more of these means: by check, seller contributions, or by increasing your loan amount to cover our fee. Select this option to minimize your interest rate. 2. Over time, through a higher interest rate. The lender will provide a “credit” at closing that will cover our entire fee, and we are not permitted to colle
