Question by Sunny Michael: How much can a loan agent make when refinancing a loan?
I live in California, and I just refinance my mortgage. I found out that the mortgage processing company made about 1.2% commission of the loan amount. How much can a loan agent make? If the loan is $ 1 million, the agent could make $ 10k for just one loan. Is it the case?
Answer by star
yes and sometimes they make more then that
What do you think? Answer below!