How we get paid
We are a mortgage broker. Here is exactly how that works and where every dollar shows up on your paperwork.
Broker compensation
When your loan closes, Complete Mortgage LLC receives compensation for arranging it. That compensation is paid in one of two ways, and you will see which one on your Loan Estimate and Closing Disclosure:
- Lender-paid compensation. The lender pays the broker. You pay nothing to the broker directly at closing, and the cost is reflected in your interest rate.
- Borrower-paid compensation. You pay the broker fee at closing, which typically allows a lower interest rate.
On any single loan, compensation comes from one source only, never both. Our lender-paid vs borrower-paid calculator shows which option costs less for how long you plan to keep the loan.
Rules that protect you
- Loan originator pay cannot be based on your interest rate or other loan terms.
- We may not steer you to a loan to increase our compensation unless it is in your interest.
- All fees are disclosed on your Loan Estimate within three business days of a completed application for consumer loans.
No mortgage is free
Every mortgage has a cost: interest, fees, or both. “No-cost” or “no closing cost” loans move costs into the rate rather than removing them. We will always show you the trade-off.
FAQ
Does it cost anything to use this website or get a quote?
No. Calculators, help center content and an initial review of your scenario are free and do not require a credit check.
Can a broker be paid by both the lender and the borrower?
No. On any single loan, the broker is paid either by the lender or by the borrower, never both, and the source is shown on your Loan Estimate and Closing Disclosure.
Is my loan officer paid more for a higher rate?
No. Federal rules prohibit loan originator compensation based on a loan’s interest rate or other terms.