How much income tax would get deducted and would it get deducted on a monthly basis? Someone told me that since I have investments of Rs 1 lakhs, I would have to pay an income tax of 33% on 50,000 Rs, which is Rs.16,500 per month.
A mortgage broker is an intermediary working with a borrower and a lender while qualifying the borrower for a mortgage. The broker gathers income, asset and employment documentation, a credit report and other information for assessing the borrowerâs ability to secure financing.
Mortgage Broker. A mortgage banker is an individual or organization that acts as an intermediary between borrower and lender to originate a mortgage loan. The term mortgage broker is often confused with a mortgage banker, but unlike the mortgage banker, the mortgage broker does not lend its own funds. The bank typically pays the mortgage broker for finding and processing the loan. Mortgage broker compensation of about 1% of the loan principal is typical.