A tendon or sinew is a tough band of fibrous connective tissue that usually connects muscle to bone and is capable of withstanding tension. Tendons are similar to ligaments; both are made of collagen. Ligaments join one bone to another bone, while tendons connect muscle to bone.
In saying that, a mortgage broker is generally paid in two different ways. Firstly, the largest portion of their payment is in an upfront commission when you sign on to your loan. The second portion is a recurring commission that is calculated based on the remaining loan amount each year and is paid on a monthly basis.
Mortgage lenders lend directly from their own funds, so they are different from brokers who make money acting as intermediaries between borrowers and lenders.Lenders may use depositorâs funds or they may borrow money from larger banks at a preferred interest rate to fund loans.They make money from both the loan itself and from fees during the loan process. discount point is a portion of the loan amount charged upfront at closing and used to buy down the interest rate of the mortgage. Lenders may take a smaller YSP on a lower interest rate and make up the difference by charging points.