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Mar 1, 2024 · Mortgage brokers generally earn commissions equal to 1%-2% of the loans they find for clients, which can translate into annual salaries exceeding $80,000.
Dec 15, 2022 · On average, mortgage brokers charge a commission of 2.25% for each loan. While the loan terms might vary, federal regulations prohibit brokers from charging more than 3% of the total loan amount. For example, a mortgage broker might charge 2.25% of a $500,000 loan, which is $11,250 in commission.
Apr 4, 2023 · PayScale puts the average salary of mortgage brokers at $64,630, based on 57 reports, and notes commissions ranging from $12,000 to $178,000.
The base salary for Mortgage Broker ranges from $57,647 to $78,573 with the average base salary of $66,733. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $67,838 to $94,938 with the average total cash compensation of $79,984.
Jul 5, 2024 · The average salary for a Mortgage Broker is $171,868 per year in United States. Learn about salaries, benefits, salary satisfaction and where you could earn the most.
The average salary for a Mortgage Broker in Montréal, Québec is C$52,000 in 2024. Visit PayScale to research mortgage broker salaries by city, experience, skill, employer and more.
Jun 20, 2024 · The average salary for a Mortgage Brokers is $84,363 per year in US. Click here to see the total pay, recent salaries shared and more!
