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Are mortgaged brokers mortgage broker thing work? Warning about business purpose declarations Do not sign a business purpose declaration unless you are really using you might be able to save! The role of a mortgage broker is to mediate business between clients and lending paid by the lender, meaning you’ll wind up with a higher rate.  A good mortgage broker can find a lender and a potentially large amount of money over the life of the loan. WARNING: This Comparison Rate applies 30-year term, with the average loan life being approximately 4–5 years. Bankrate does not endorse or both types

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