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Loan Brokering 101
Let's first start with the basics. What is a broker? According to the definitions from Wikipedia, a broker is an individual or party (brokerage firm) that arranges transactions between a buyer and a seller. A broker earns his/her income when the deal is executed / completed. A broker is an independent party or person. In certain industries, they are being used very extensively, example the stock brokering and property buy/sell brokering. In certain county like Australia and the United States, most of the mortgage loans are brokered through a Mortgage / Loans broker. A broker can provide a large amount of considerable market information and data with regards to pricing, products info and market related conditions resulting in savings of money, time, expertly, execution and convenience for clients. For more information on how an independent loan broker can help you to save, visit: http://www.mortgagesupermart.com.sg/resources/articles/150-loans-and-mortgage-brokering-101 |