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.
There are several factors to consider in determining how much mortgage brokers make. Chron.com cited the College of William and Maryâs statistic stating that the average mortgage broker salary is between $60,000 and $90,000. Payscale states that the national average mortgage broker salary is $51,856 per year. The total pay, according to Payscale, including base pay, bonus, profit sharing, and/or commission can range anywhere between $29, 362 and $197,489.