If you are working with a mortgage broker when refinancing your mortgage, that person may be holding the name of your mortgage lender from you. Mortgage brokers want to keep the lender’s name under wraps until it’s too late for you to jump ship and contact the lender directly. When working with mortgage broker it [...]
Is your mortgage broker an actual broker, or simply a bank pretending to be a mortgage broker? Banks exploit a very large loophole in mortgage disclosure laws and frequently masquerade as mortgage brokers on the side. Here are several reasons you need to avoid Broker Banks and expensive mistakes you need to avoid.The Real Estate [...]
Mortgage brokers can be an excellent resource for refinancing. Brokers have extensive contacts in mortgage industry and access to loan offers you might not find on your own. The problem with using a mortgage broker is that this person makes a living on commission; the mortgage that gives them the largest commission might not be [...]
What is the advantage of using a mortgage broker? Are there any disadvantages of using a broker for your mortgage instead of going straight to the mortgage company? Here are a few of the benefits of a mortgage broker and a few disadvantages.The first benefit is that a broker will be able to shop around [...]
The burning question is – Should it be a mortgage broker or lender for one of your biggest investments? Let me show you the pros and cons of both.With thousands of mortgage loan products available now, it’s a relief to know that you only have to choose between two options – a mortgage broker or [...]
There are thousands upon thousands of licensed mortgage brokers in the United States. They represent private banks, public banks, investors and lending institutions both large and small. However, all mortgage brokers are not created equal. Here’s what you should look for:1. A top mortgage broker will communicate the ins and outs of the mortgage process.A [...]