Fees charged by a mortgage broker are used as payment for real estate lawyers, appraisal and other staff involved in setting up the mortgage deal. (mortgagebrokerstore.com)
As a client, you'll also pay additional fees for setting up the mortgage, such as the administrative fee paid to the lender and their lawyers, property appraisal fees, etc.. (mortgagebrokerstore.com)
You will also pay appraisal, legal and administration fees required to set up the mortgage as private lenders try to reduce their expenses as much as possible. (mortgagebrokerstore.com)