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A mortgage broker is a person who interediates in the process of mortgage loans for individuals or businesses. Basically, mortgage brokers sell mortgage products, however, in their work they also might be performing tasks such as marketing to attract clients, assessing the borrowers circumstances (credit history, affordability, etc.), assessing the market to find a mortgage product that fits the client's needs, explaining the legal processes involved, etc. Mortgage brokers can work independently or in companies which offer mortgage advice. The companies are very prevalent in most parts of the world, from Canada to Israel. The links included provide more information on mortgage brokers in the world, as well as mortgage advice.
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∙ 11y ago
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Can a mortgage broker process his own mortgage application?
Yes In the US, no.
How can you refinance your home for a mortgage?
In order to refinance your home, you should look for a reputable mortgage broker. Work with the broker to find a good plan to refinance you home by looking at you current mortgage.
How to become a mortgage broker relies on a person with what type of motivational style?
The motivational style that would best suit a mortgage broker is the goal-oriented style. This type of person reaches for goals in a direct and obvious way which would be needful for a mortgage broker.
Where can one find an affordable mortgage broker?
You can contact boards of Realtors in your area for a current list of mortgage brokers. You can find out how many lending institutions each broker works with and what the fees are for each broker.
How can one become a mortgage loan broker?
Experience in investing and banking employment would be one of the first steps one could take to secure a job as a mortgage loan broker. A mortgage broker works with the buyer and the lender so communication skills will have to be perfect.
What is the total cost and is there a difference in supervised Mort Broker and Mortgage Broker?
I think there was no difference between supervised Mort Broker and Mortgage Broker. from the following link you can get the information about total cost of Mortgage Broker au.pfinance.yahoo.com/home-loans/features/online_homeloans/index.html
Where can I find mortgage broker training?
Capstone instutute of Mortange Finance offers mortgage broker training. http://www.capstoneinstitute.com/ I think that your best bet would also be talking to a local Mortgage Broker and seeking their advice.
Can a mortgage broker process his own mortgage application?
Yes In the US, no.
Where can one find a guide on how to become a mortgage banker?
You can find a guide on how to become a mortgage banker online at the eHow or Mortgage Broker Daily websites. Once on the websites, do a search for Mortgage Broker to find the guide.
If your mortgage broker was not yet licensed can you get out of the mortgage you signed the broker told me this in confidentiality Michigan laws?
i was told that this would not be a legally binding contract.
How can you refinance your home for a mortgage?
In order to refinance your home, you should look for a reputable mortgage broker. Work with the broker to find a good plan to refinance you home by looking at you current mortgage.
Where can I find a reverse mortgage plan?
Talk to your mortgage broker, and get in touch with the real estate office, as well as your bank. From there, your broker will be able to provide you with this info.
How to become a mortgage broker relies on a person with what type of motivational style?
The motivational style that would best suit a mortgage broker is the goal-oriented style. This type of person reaches for goals in a direct and obvious way which would be needful for a mortgage broker.
Where can somebody buy mortgage broker software?
Capterra and Mortcare sell mortgage broker software online. Many of the larger mortgage companies also have their own software that is only available to their agents.
Where can one find a discount mortgage broker?
One can find a discount mortgage broker from the following sources: Discount Mortgage Canada, A Discount Mortgage, Ratehub, Hover MTG, Charcol, Mates Rates Mortgages, Property Observer.
Where can one find an affordable mortgage broker?
You can contact boards of Realtors in your area for a current list of mortgage brokers. You can find out how many lending institutions each broker works with and what the fees are for each broker.
Going through a bank instead of a mortgage broker is the best way to get a mortgage.?
Uhm, I don't think so, For me I prefer talking to a mortgage broker than going to the bank directly . A mortgage broker can help you navigate through every stage of finding and applying for a mortgage – to get the best deal available based on your individual circumstances and needs. They have access to number of banks to get you the best deals. You might wanna check out Key Strategy Solutions.
