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International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

Mortgage Brokers Boom While Borrowers Burn: The Hidden Cost of 'Free' Home Loan Fixers

Rising closing costs and home prices are adding financial strain for many homebuyers. (Credit: Binyamin Mellish/Pexels)

Although lenders across the US are cautiously pulling back operations, independent brokerages continue to hold a substantial share of the mortgage market despite rising interest rates.

A mortgage broker's primary role is to assist clients in finding the most suitable mortgage deal based on their financial circumstances. They typically charge fees for their advisory services.

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