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A:

Broker fees are charged by brokers in exchange for their service of finding you a loan. More often than not you can avoid this charge by not using a broker. The best way of achieving this is by finding a list of lenders not brokers.


Answer by Invappy
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A:Broker fees are usually a charge made by a loan broker when they recommend you a loan. Sometimes these are upfront fees which is really bad, and sometimes loanfinders or brokers say no upfront fee. The question to ask them when you speak to them is: do you charge a broker fee. Ideally you want no broker fees and no upfront fee.
Answer by Debbie
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