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Switchers benefit as lenders vie for business – Some mortgage brokers offer to pay the legal fees if borrowers use their. Offers to pay legal fees are encouraging people to switch, according to Tice O’Sullivan, a financial adviser at.
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· Often, people confuse mortgage brokers with lenders, but brokers offer the loan products of various lenders, while a lender provides the actual loan money to the borrower. Essentially, a mortgage broker is a loan provider who serves as a liaison between borrowers and lenders. A broker can work within a firm or independently.