Blog tagged as FSRA

How a Mortgage Broker Gets Paid

How a Mortgage Broker Gets Paid

By Mortgages Foundations

A common term and form of advertising to hear in the mortgage industry is that "in most cases, my services are free". While it may come across that Mortgage Brokers are doing the work for nothing, in reality, it really comes down to who pays us, and more often, it is the lender, not t...

27.08.24 03:27 PM - Comment(s)
Understanding APR vs Interest Rate

Understanding APR vs Interest Rate

By Mortgages Foundations

For many homeowners and potential homeowners, one of the first questions that comes up when shopping for a mortgage is "what is the interest rate on my mortgage?". Of course, the interest rate is important; however, even more important is the Annual Percentage Rate, or APR, since this...

13.06.24 05:19 PM - Comment(s)