Question by 27amDotCom: What to look for when shopping around for home equity loans?
Any advice on what to look for when shopping around for home equity loans?
Are there referral commissions?
I have a couple of individuals looking for a home equity loan … I told them I’d look into it for them. I’d like to find a quality vendor, but if referrals commissions are paid out, I’d like to negotiate for that too.
How do I figure out what is a “great deal”?
PS. I’ll happily take general replies but this would be specific to Calgary, Alberta, Canada.
Best answer:
Answer by greta
If you were in the US I’d say caretul you may be stepping into legal problems.
What do you think? Answer below!
You have to have a mortgage license to collect a commission. It is not legal to be involved without a license.