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.
You are in it for the long haul. A mortgage broker, on the other hand, often gets paid a fee from the lender for bringing in the business. This fee can be based on the amount of the mortgage, and will vary amongst lenders.A broker's goal, therefore, is to get you into a mortgage that maximizes their compensation.The 2008 market crash revealed that many brokers were getting their clients into mortgages that they could not afford over time. mortgage broker, on the other hand, often gets paid a fee from the lender for bringing in the business. This fee can be based on the amount of the mortgage, and will vary amongst lenders.