Sentences with phrase «because mortgage broker»

Because mortgage broker marketing to real estate agents is a marginally effective strategy that could limit your business growth.

Millions of people are losing their homes because the mortgage broker took the path of least resistance and showed his customer the cheapest way to get in the door.

Many people bought a house with a variable - rate mortgage (who would not be able to afford the payments after the introductory rate) because their mortgage broker assured them they could just sell at a profit if the rates went up, which doesn't work if you're underwater.

This is because the mortgage broker for a bank deal will be paid directly as soon as the mortgage closes.

Just because a mortgage broker tells you that you qualify to purchase a home for a certain amount doesn't mean you have to spend that much.

They are also good for anyone who does not know how, or have the time, to shop around for the best interest rate, because the mortgage broker will do that job for you.

Furthermore, because mortgage brokers deal with multiple lenders — in a typical case, 25 to 30, sometimes more — they can shop for the best terms available on any given day.

This is possible because mortgage brokers have lots of knowledge about the Sault Ste. Marie mortgage industry, which is instrumental in negotiating ideal terms and conditions for loans.

Those who meet banks» criteria do not have to pay any fees upfront because mortgage brokers get paid by the banks as soon as the deal is sealed.

Because mortgage brokers are not employed by any one financial institution, they are not as limited in the products they can offer you.

«Mortgage broker» could not be read in place of «creditor» in comment 19 (e)(4)(ii)-1 because mortgage brokers are not responsible for the disclosures required under § 1026.19 (f)(1)(i).

Not exact matches

Because her credit cards were loaded with debt to pay for the classes, mortgage brokers told her she was ineligible for a loan, she said.

Its easy to blame the mortgage brokers because they have first contact with the clients.

«Banks are happy to dole out these HELOCs because they can come after your home if you don't pay,» said Terence Michael, a mortgage broker with Omni - Fund.

Insurance companies, mortgage brokers and marketers would be particularly interested in a person's BLISS score because it combines both health and wealth metrics.

We stand by our clients during the process to ensure you are making the right decision (because we know the mortgage broker won't be!)

Working with a good commercial mortgage broker is even more important because of this.

A mortgage broker, who asked not to be named, told me he often beats bank pricing because «the bank model is to only be competitive if they need to be.

For example, a lender would pay a higher commission on a 10 - year mortgage than a 5 - year because it is more profitable for them, and because it means the broker would be selling one mortgage in a decade, instead of two, five - year mortgages.

If you plan on using a mortgage broker, you should contact more than one broker, because different mortgage brokers deal with different lenders.

There were prime borrowers who were sold subprime mortgages simply because there was an incentive for the broker to do so.

The banks as an industry has figured out that this is a golden oportunity to put their biggest competition (Mortgage Brokers) out of business because they control the gates to all FHA loans.

When you evaluate your credit report with a mortgage broker in anticipation of purchasing your own home again in the near future, you are told that according to FHA financing «rules» you are unable to qualify for FHA financing until FIVE (5) YEARS AFTER the property sells because the mortgage from the private lender was never reported to the credit bureaus (it's apparently too costly for private lenders to report).

With low interest rates, mortgage brokers and car loan lenders have enticed us with low monthly payments, encouraging too many people to buy a bigger home or a better car because hey, why not, it's cheap.

Because typical consumers only shop for mortgages a few times in their lives, many expect professionals like mortgage brokers and loan officers to guide and inform them about mortgage rates and estimates.

He continued, «When buying mortgage leads online avoid buying leads from a leads broker because you never know where the leads were generated and how many times they may have already been sold.»

Mortgage lenders, banks and brokers consistently come back to the Lead Planet, because they are a direct lead provider that does not buy brokered, watered down leads from lead brokers.

VA leads have been increasing in popularity with brokers and lenders across the U.S. because the licensing is easier for mortgage brokers and VA offer the only true 100 % home loan that requires no money down.

If you are approved by banks, there will be no need to pay fees upfront because any fees incurred by the broker will be paid directly as soon as the mortgage closes.

Many brokers specifically offer non-bank mortgages because they are able to negotiate reasonable rates.

I like to do business with mortgage brokers because they work with multiple lenders and have access to a wide array of loan products, which means more options to choose from.

Mortgage set up fees are demanded because neither broker nor lender wants to add onto their expenses, considering that most who seek these deals already have bad credit.

Many brokers in the city specialise in private mortgage because they are able to negotiate better terms with their network of lenders.

Mortgage brokers do not add any net cost to the lending process, because they perform functions that would otherwise have to be done by employees of the lender.

The likelihood of this happening is not great, explains PropertyGuys.com mortgage broker Sarah Albert, because Canadian lenders and consumers are very prudent.

Because Mortgage Centre — Mortgage Professional brokers are not employees of a lending institution, we are not limited in the products we can offer you.

In addition to rates, because mortgage - based financing is the broker's primary business, he or she has developed expertise in what type of mortgage financing each lender prefers to pursue.

permits you to understand that you don't pay extra for using a mortgage broker because he obtains discount pricing from the lenders.

A wholesale mortgage lender is distinct because it works with independent mortgage brokers, who are client - facing.

Because of dropping interest rates — mortgage brokers have been falling over themselves this year to try to get clients to refinance their home mortgage and get a lower rate.

We have become a highly respected home equity loan broker because year in and year out they provide consumers competitive fixed rate second mortgages.

Strategies should be discussed with a mortgage broker or financial advisor because without improving your credit score traditional financing will be a difficult process to qualify for.

This is great because most of the clients after mortgage broker loans are people who were rejected by banks.

«If you switch from a non-verification of employment status, and income and asset status, where you're going to fully verify everything during this transition, you're going to see in excess of 50 to 60 percent of the notes in California go into the can, because they're not going be able to qualify under those new guidelines,» said Michael Zoretich, a mortgage broker in Brookings, Ore..

Translation: If you're a mortgage broker you better find lenders to buy your mortgages because the FHA will not longer insure them directly.

Because the HUD approved mortgage broker is the AGENT of the lender, they can not provide the borrower exclusive representation.

This is because the brokers have online access to all the important information with regards to mortgage, its types, the current rates, and the procedure involved.

Because you may not be as knowledgeable in this area, you may not be able to negotiate as expertly as a Canadian mortgage broker would.

Brokers often get discounts and reductions from lenders because of buying mortgages in bulk, so you can get your hands on more affordable deals and attractive mortgage rates when you get your first mortgage through them.

Affiliate partners are companies like auto dealers, mortgage brokers, and other lenders that often have to turn individuals down because their credit is poor.