That’s how the rich stay rich. They make their money whether you do or you don’t (refi that is). When they sell the loan there is probably a 6 month term written in saying they cannot cancel the loan (this way the people buyiny the loan get their money (in interest charges) before any real risk is assumed. So the mortgage broker is making money off you and the person they are selling the loan to. Not a bad deal eh! That’s why there are so many of them advertising all the time. This is why I get so pissed off when I can’t get ahold of them by phone, because I know how much money they are potentially going to make off me.
