Charging too much because of a lack of knowledge regarding certain elements. They may charge two to four points on loans. Do they have to charge points? This is one reason you need to have an experienced broker that knows the market, their lender and the different variables they are working with. An inexperienced broker might overcharge you which would definitely keep me from referring another consumer to them. In the long run, they are hurting their own business while they are filling their pocket. If you are a broker, how do you decide how many points to charge? What are some of the factors in determining points?
