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What should I ask about a broker's fee?
The broker, lender and an advertising comparison site can have different roles.
Request the conditions in writing, including any refund provision that applies. A fee does not guarantee an offer or approval, and local authorization rules should be checked separately.
Details
- Identify the amount received and the opening balance
- Read fee treatment in the written offer
- Compare the dated repayment schedule
Understand the loan structure
Compare secured and unsecured structures
Record existing commitments and proposed replacement terms separately, including fees, security and remaining payments.