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How much does a mortgage get for a refinance loan of $250,00

 
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subguy



Joined: 04 Sep 2003
Posts: 8
PostPosted: Sun Aug 28, 2005 4:56 pm    Post subject: How much does a mortgage get for a refinance loan of $250,00 Reply with quote
Just wondering how much a mortgage broker makes on this. Thanks.
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4HIM



Joined: 12 Jan 2004
Posts: 5
PostPosted: Sat Oct 01, 2005 8:18 pm    Post subject: How much does a mortgage get for a refinance loan of $250,00 Reply with quote
as a general rule...100% of loan is payed in 33% of time.Everything else is just 'profit' for bank.If this would be 30 year loan... then possibly client would pay total of $650,000 to $700,000.... *for $250,000 loan.
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