Depending on the type of home loan you are seeking, you could save yourself thousands of dollars by shopping various lenders for your home mortgage needs. Therefore it is imperative that you know the difference between a mortgage broker and a bank lender. The main differences among the two are that mortgage brokers act as a liaison between the home buyer and the bank lender. Where as banks derive the loan from their employer.
Three Bad Reasons For Needing A Mortgage Lender
Everyone tells you you’re going places, and of course, you believe them. You’re 26. You’re a supervisor at a multi-national marketing company. You get a six-digit pay monthly. What’s more, it looks like you’re headed for greater and bigger things in the company hierarchy. Do all these mean you should get a house?
Pros & Cons Of Working Directly With A Mortgage Lender
When investigating real estate financing, the average consumer does not have the time, experience or resources necessary to adequately evaluate the plethora of loan programs that exist. For this reason, the majority of buyers seek the assistance of a mortgage broker. The role of the broker is to act as liaison between the borrower and multiple lenders, and to present the features of the available loans. However, a small percentage of borrowers choose to do the leg work themse…
On The Road To Ruin: The Worst Money Mistakes You Can Make
Bad financial management and bacteria have one thing in common: they flourish and mutate upon discovery. As soon as you realize you have committed bad money management, your error transforms itself into something else that looks too good to resist.
House Refinancing: Never Always The Simple Idea Out
It may cost you to cut expenses. It’s always great to set aside money then to decrease expenses. But then, if you’re in a hard financial circumstance, you’ll find saving money truly difficult.
Choosing Mortgage Lenders
There are many types of mortgage lenders and each one focuses on a special slice of the market.
Mias Calls On Mortgage Lenders To Fix Their Exit Fees
MIAS, the Mortgage and Insurance Advisory Services (http://www.mias-ltd.co.uk ), is concerned that, despite the recent publicity and various campaigns in the press, borrowers are still being stung by punitive exit fees.
Lenders charge exit fees when customers redeem their mortgage in full, for example, by switching their mortgage to a rival lender. Exit fees can also be termed administration charges, sealing fees or deeds-release fees and are raised to cover the cost of ta…
Mortgages – Dont Get Pounded By Prepayment Penalties
Many people make a major mistake when applying for a mortgage. They are so relieved to get the loan that they fail to pay attention to prepayment penalties in the loan documents.
Mortgage Companies – Different Types Of Mortgage Lenders
If applying for a new home loan, there are numerous mortgage lending options. New homebuyers may not know where to start. Different mortgage lenders fit different circumstances. In fact, choosing the wrong lender may result in paying more interest. With this said, it is important for homebuyers to educate themselves on the different types of mortgage lenders, and select the lender that is perfect for them.
Traditional Mortgage Lenders: Banks, Credit Unions, etc.
While w…
Has the “Bubble” Burst?
After watching home values soar during the past few years it looks as if real estate reality is finally about to set in. The home-pricing forecast for 2006 is mild and modest with higher prices projected for the year but not the double-digit increases seen in 2005.
3 Things To Look For In A Home Purchase Lender Online
If you’re ready to buy a new house, you’re going to need a Home Purchase lender. And finding one online is convenient and simple! However, there are a few things you should look out for to ensure that your lender has your interests–and not his–as his top priority.
Make sure your lender offers options
There are a lot of options other than the traditional 30-year fixed rate mortgage. Depending on your needs and personal situation, an Adjustable Rate Mortgage (ARM) or In…
What to look for from Mortgage Lenders
The money market is always a lucrative opportunity for anybody. Working in the finances can often be a very highly paid job although it has its own risks. To be in the profession of mortgage lending is a time-tested job that has withstood the difficult depression to post war to present day boom.