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They also forge alliances with different lenders and tend to profit off basis point on each loan closed.
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A mortgage broker works with sixty lending institutions, and thus the service, speed, rate, and term will almost always trump what your good 'ole neighbourhood bank can muster up.
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Jared weitz, chief executive officer and founder of united capital source in great neck, new york, said that borrowers with good credit can usually qualify for a low interest rate from a mortgage lender.
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