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Mortgage Broker: A person who takes the financial and credit information of people who are looking for a mortgage lender and facilitates the mortgage process by shopping for a mortgage loan for the borrower. You will usually pay a commission fee for the s
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Cash Reserve: In order to get a mortgage loan some lenders require that the borrower have money in savings or in easily liquefiable assets.
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Broker: A person who is in the business of shopping for mortgage loans. A broker is the middle-man who takes the information from people looking to borrow money and shops around to different lenders in order to find a loan for their clients. Brokers get a
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