There are no fees paid by borrowers on qualified residential first mortgages. Lenders pay EXPERT MORTGAGE a “finder’s fee” for us to direct you to them. For example, if you take a $200,000 residential first mortgage for a 5 year fixed term, most lenders will pay us about $1,500. So unlike bank employees who get paid their hourly wage whether or not you take their mortgage offer, we as brokers have strong financial incentive to do everything in our power to keep you satisfied.