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.
There are a variety of different ways to finance a mortgage, but Iâd like to focus on two specific channels, âmortgage brokers versus banks.â. There are mortgage brokers, who work as middlemen between banks/mortgage lenders and borrowers on the wholesale end to secure financing for homeowners. And there are banks and lenders that work directly with homeowners to provide financing on the retail level. Mortgage brokers are a big part of the mortgage business, accounting for more than 10 percent of all home loan originations.