Agents see preapproved buyers as more likely to have financial means and willingness to close a purchase in a near term since preapproval letters remove some of the uncertainties in the home-buying process. Thus it is very possible that many real estate agents and sellers won't want to work with buyers unless they have one.
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.
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.
A broker needs to register at various sites that provide mortgage rates comparisons for customers. These sites act like a marketplace connecting brokers with potential customers.
Mortgage brokers do not lend money. The have knowledge of the lending market, and guide potential buyers, who need to find a mortgage to purchase a property. The mortgage broker offers advice and recommends the most appropriate mortgage for the buyer. Advice is usually free, but the broker will take a commission from selling a mortgage, paid by the mortgage lender. Its best to seek advice from an independent broker in order that are not tied to one lender, or can only offer you a limited range of mortgage products. As well as mortgage advise, mortgage brokers will also offer other products such as insurance.
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
You would have to check wtih your state Board of Realtors to determine if there are laws against this type of coercion, but is certainly does not sound proper. As a customer you have the right to secure your financing anywhere you choose.
Not sure how many mortgage companies there are but as a Texas mortgage broker we work with over 150 lenders so we are able to provide the best rates and payment you want. http:/www.mtgamericatx.com
All you need to do is go to a mortgage lender (broker/bank/etc) and apply for a mortgage. It does not matter that there is not a current mortgage on the property. The ownership of the home will be listed on the title, and a Deed will have been recorded to show transfer of ownership. If you qualify for a mortgage, the lender will work with you from there! The best person to contact with regards to getting a mortgage will be an independent whole of market mortgage advisor - they will be able to get you a mortgage which will suit your needs.
A mortgage lender or broker who approves or turns down loan applications based upon the quality of the real property, credit-worthiness and ability to pay according to the guidelines of the lender with regard to ratio of mortgage loan to value of property.
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.
Yes In the US, no.
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.