Definition: The term "who pays mortgage broker" typically refers to the person or organization that originates a loan, either for the borrower or for the lender. This person acts as the middleman between the borrower and the lender by negotiating terms and conditions related to the loan. The definition of "who pays" can vary depending on the context. In some cases, it might refer to the bank or lending institution itself paying off the mortgage broker's commission. In other cases, it might mean that the borrower or lender are responsible for covering the full cost of the loan upfront. For example, if a borrower agrees to use their own funds to pay off the mortgage by making monthly payments, then the borrower would be responsible for the entire amount. It's important to note that in most real estate transactions, the borrower typically pays the lender and the seller directly (or through an escrow account), while the broker usually acts as a middleman between the buyer and seller.

who pays mortgage broker

Definition: The word "who pays mortgage broker fees" refers to the person or entity who is responsible for paying fees associated with a real estate agent, such as a mortgage broker. In the context of a real estate transaction, this fee might include a commission paid by the seller in exchange for selling their property. The term "mortgage broker fees" specifically refers to these commissions that are charged by the broker to the buyer or seller based on the amount of money they can earn from the sale or purchase of the property. The term "who pays" implies responsibility, as the broker is acting as a middleman between the buyer and the seller. Therefore, any additional expenses associated with the mortgage broker's services are likely to be paid by the buyer or seller, respectively. In summary, the phrase "who pays" refers to the individual responsible for paying the mortgage broker fees involved in arranging a real estate transaction.

who pays mortgage broker fees