Bi-Weekly Mortgage Payments
As a homeowner, I frequently get offers from companies looking to save me “tens of thousands” of dollars on my mortgage, while I pay if off 7 years sooner. As a mortgage professional, I frequently get offers from companies encouraging me to resell their services to my borrowers so that they can save “tens of [...]
How the Loan Officer Compensation Rule Ends the Rate Debate
Posted in: Industry News, Loan Process, Purchase, Truth in Lending
All loan originators are all working on a fixed compensation plan now, so you should always be offered the best rate you qualify for. But that’s just the tip of what you should be concerned with.
The Fallacy of “In House” Underwriting
Posted in: Loan Process, Truth in Lending, Why Use a Mortgage Broker
Some lenders would have you believe that the only way you can get a mortgage today is from someone who has “in house underwriting,” because that’s what they do. It’s not the boon they claim.
How do I know if it’s a Condo?
Getting a mortgage for a condo in New Hampshire is a VERY different process than it was a few years ago. Many of the “streamline” options for condo project approval have been eliminated, which means extra guidelines to meet, documents to collect and pitfalls to avoid.
Top 5 Market Factors That Affect Mortgage Rates
Posted in: Loan Process, Purchase, Refinance, Truth in Lending
There are many factors that affect mortgage rates each and every day. This is a description of the 5 most influential in the short run.