Perhaps the author of the article and editorial staff are unaware of the role
of mortgage brokers in assisting the public with mortgage financing.
The main
goal of a mortgage broker is to bridge the gap by connecting their clients with banks or other lenders who may be offering ideal solutions for a particular client's need.
You will usually pay a commission fee for the services
of a mortgage broker who, in essence, is the «middle man» of a mortgage loan transaction.
The main
aim of a mortgage broker is to help get the message across to lenders that there are clients in need of the loans they provide.
Most of a mortgage broker's clients are people with bad credit, which makes it important for lenders to take protective measures like charging high upfront fees on mortgages.
This type
of mortgage broker makes mortgage loans available to borrowers either from one or a number of sources of funds with which the mortgage broker has a business relationship.
It is the
job of a Mortgage broker to assess the borrower's details to match the best mortgage product and rates associated with it.
If this type
of mortgage broker only makes mortgage loans available from one source of funds, the mortgage broker may or may not be functioning as the lender's agent.
The borrower further argued that the trial court had improperly entered a judgment in
favor of the mortgage broker because the mortgage broker was not in compliance with Regulation Z.
Get referrals from your friends and associates at work or we have an up to date
list of mortgage brokers / banks that our clients have liked.
When considering ways to fund a real estate venture, many individuals immediately
think of mortgage brokers and other traditional lenders.
Lets start off with the
benefits of a mortgage broker, first they can submit your loan through many different lenders to get you approved with pulling only one credit report.
Let's talk: If you're
tired of mortgage broker marketing to agents and Realtors, and you're ready to grow your business on your terms, send me an email.