answersLogoWhite

0


Top Answer
User Avatar
Wiki User
Answered 2007-07-05 19:13:22

I would like to get a broker to shop around for me. and compare the rates and terms for me visit: www.lowclosingcost.net

001
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
๐Ÿ˜‚
0
User Avatar

Your Answer

Loading...
Still have questions?

Related Questions

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.


What qualifications should a mortgage broker in Canada possess?

A mortgage broker in Canada should possess knowledge of the real estate industry; knowing how to make a deal. It is also important to have knowledge of the area where the work is done, to be able to better help clients. A mortgage broker should also have a strong relationship with lenders and have good communications skills.


How difficult is it to get a mortgage for people with a 720 credit score but with asylum status?

You should find a good Mortgage Broker, they have access to more mortgage options than a bank does. Check the National Association of Mortgage Brokers for information on you local state chapter. Call around!


Where should one go for a mortgage loan?

One should go to a mortgage broker in order to obtain a mortgage loan. In addition, some mortgage brokers may also deal with other specialized types of loans.


how do I find my mortgage interest rates ?

If you are unsure of what you are currently paying on your mortgage, you should contact the bank, credit union, or broker who is in charge of your policy.


Finance A Home Loan With The Help Of A Mortgage Broker And Banker?

Purchasing a house or property is normally the largest investment a consumer will make. A myriad of technicalities and regulations help to govern that process of lending. Two of the professionals that assist a potential buyer in securing a mortgage are the mortgage broker and mortgage banker. Many people are under the misinterpretation that they are the same. Both provide very different benefits and services for securing a mortgage.The Mortgage BrokerThere are many banks and lending institutions out there willing to finance a mortgage. Each potential borrower will have their own personal circumstances and desires for their loan. A mortgage broker serves as an intermediary between the consumer and lender. The broker will take the personal circumstances and considerations of the borrower into account to find an optimal lender.The Mortgage BankerThe mortgage banker is the actual lender of the funds. Their institution is where payments will be made for the duration of the mortgage. Submitting an application for credit with a banker will go onto the applicant's credit report. Therefore, the borrower should be certain that a particular mortgage banker can provide an optimal loan solution for their needs.Making Effective Use of ServicesThe mortgage broker and banker both receive payments in different ways. The broker is typically paid by connecting a borrower and lender. The banker receives much of their income through service and interest payments made on the loan. Thus, both agents have different motivations for wanting to close loans. The broker wants to find the right lender quickly and efficiently. The banker wants to ensure that the lender will be able to pay on their loan in the long run.A common approach is to provide relevant information to a mortgage broker who will then find a suitable banker. It is an important approach because the inquiry made through a broker will not be reflected on the borrower's credit report. An applicant who is turned down initially by a banker will have that negative mark on their report, making it harder to get a good rate or a loan.The borrower should have a solid idea of what they are looking for in a mortgage. The mortgage broker can assist in establishing what a realistic loan would be for the borrower and the best type of repayment schedule. It is never a good idea to simply apply for a mortgage without some professional assistance. Consultation with a mortgage broker or other financial professional can help shed light on problems before an application is ever submitted.


Mortgage broker contract should be executed within how many days?

b. three business days of application.


Where would someone who is looking to buy a house go to find finanzierung which is the German word for financing?

To find financing to purchase a house, one should go to their bank or a mortgage broker. A mortgage broker will be able to find them the right loan to fit their needs.


If one was looking at home loans where could one find mortgage rates?

One should visit a local bank, or compare rates on various banking websites. One might also wish to contact a mortgage broker who will shop around for the best available mortgage rate at any time.


How does one accquire a fixed mortgage?

You should consult your bank about getting a fixed mortgage. You have to do this through your bank and you should weigh the options of this compared to a regular mortgage.


How does one go about getting a mortgage?

If an individual wishes to obtain a mortgage they should first ensure that they are financially able to make the repayments. In addition they should ensure that their credit rating is good before discussing how much money is required with a broker.


Which banks offer the best remortgage rate?

Most mortgage-lending institutions provide remortgages. However, to get the best rate one should shop around and consider using the services of a mortgage broker. Typically, the some of the small lenders such as Mayflower Mortages offer the most competitive rates.


Where can someone find a refinance mortgage broker in Ohio?

It would be best to find a local refinance broker in the Yellow Pages. One should compare the services of different brokers before finalizing any mortgages or financial deals


What should the closing cost be on a 500K mortgage with no money down?

1.5% 1% If you negotiate with your mortgage broker It all depends on what type of mortgage you go into... General rule of thumb 2% of loan amount plus you have title charges, inspection charges, notary fees, appraisal fees, wire fees, etc. All these fees are disclosed in the Good Faith Estimate. If you have any questions contact your local mortgage company. Ok., from experience then: A recent deal I did included 3 properties valued at 700K. The first (blanket) mtg came in @ 440K and after shopping around I negotiated a 1% fee with my mortgage broker. Period. The actual answer is, it depends on your state. Title fees, appraisal, and sometimes tax stamps can vary from county to county and state to state. The best way to save on Origination fees and broker fees is not to use a broker...deal with the lender direct.


Can a mortgage broker also be a realtor?

It would usually depend on the state, but as long as there is no conflict of interest, and the realtor does not force their client to use them as the mortgage broker and visa versa, there should be no problems. An individual would have to hold a license in both fields, and meet the continuing education requirements for both fields. Check with your state for specific rules and regulations.


Can an illegal immigrant obtain a reverse mortgage?

i am a mortgage broker, i do not believe an illegal alien can obtain a mortgage at all. That is one of the questions on the "respa" documents in all mortgage applications. You are not a good risk for a bank; at any time you can be deported. * For the person to obtain a reverse mortage they would need to be a homeowner with equity. Therefore, it would seem logical that they should speak with their current mortgage lender.


How can I refinance my home loan to prevent default?

You should first consult with you bank to see if you qualify for a loan modification. If this is not available you should find a licensed mortgage broker in your area to find private financing.


Can someone with a 700 credit score and two people with scores below 505 be approved for a 100 percent mortgage?

You should leave the people with 505 scores off the loan. Find a Mortgage broker and find out if you can do 100% on a stated income loan.


Where can one find commercial mortgage brokers in Ontario?

The internet is a bountiful resources for finding such information very quickly. By using e, finding the appropriate information should be no problem, and often has information regarding rates and lending rules. Alternatively, looking in the local directory for a mortgage broker under the heading of mortgage broker, banks or financial lender. Furthermore, asking friends and family who own houses may be a good source of information.


Where can I get a reverse mortgage and more facts on it?

In order to get more in depth or detailed facts about reverse mortgage you will probably want to consult your mortgage broker. They will be able to give you up to date and factual information. Most websites will not give you verified information that you need, but some websites such as hud.gov should help you with any questions you have.


How can you obtain a mortgage wihout a Social Security number?

Any good mortgage broker should have access to lenders that will allow a buyer to obtain a tax ID number and use that in place of a social security number. There are two specific lenders that specialize in this type of mortgage loan. Mark Saliens Senior Loan Officer


Should the letter B be capitized in the name Insurance Broker?

If Insurance Broker is a name, as in, the company that I work for is the Midwest Insurance Broker, then yes, you should capitalize it; if it is merely a description, as in, I am going to talk to my insurance broker, then no, do not capitalize it.


I am not able to pay my mortgage what should i do?

work harder


Should a home be insured for enough to pay off the mortgage plus replacement cost?

Unfortunately, no insurance broker will insure a home for both mortgage and replacement cost. If the price you give them is excessive they can independently valuate the property or in the event of a fire ete..they will only give you market value


Who has the note you signed when you granted a mortgage to buy your home?

The entity that owns your mortgage should also have possession of the note.The entity that owns your mortgage should also have possession of the note.The entity that owns your mortgage should also have possession of the note.The entity that owns your mortgage should also have possession of the note.