Mortgage and Refinancing Information Channel:
We would like to thank the local libraries, schools, and universities for recommending students to visit us when doing research on any of our information topics.
What Are Mortgage Brokers And Why To Use One
"Mortgage" is formed from two words: the French word "mort" meaning "dead" and the word "gage" from Old English meaning "pledge". Sir Edward Coke (who lived from 1552 to 1634) explained the term: the land as considered "dead" to the mortgagor, as if the person never had it.
Today, the term mortgage is used for a loan for purchasing propriety. The most common mortgages are the home mortgages. It is not common to pay cash a home today. The "life' of a home mortgage is from 20 to 30 years. During all this years, the owner will pay regularly and with the specified amount. There is also a term for the interest rate, established to respect the seller and also the buyer conditions.
Most people think at a bank when thinking at a mortgage. It is the most trustful way to get a mortgage; even the banks are asking the most rigorous set of documents to approve it. The stability has its price: banks don't give the best interest rate, but there is also the possibility to negotiate for the best acceptable solution.
Pertinent information empowers the burrower with the knowledge to make appropriate decisions for his family and themselves.
The banks are making their money from activities like mortgage, so there will be always good solutions for everyone. People can "shop around" to find the best mortgage condition.
What are the mortgage brokers? They are making all the legwork for the customer. Specialized websites are offering "perfect loan programs" in a few minutes. A professional research must be made to find the appropriate opportunity to buy the house of our dreams.
Financial brokerage is a licensed company or individual who obtains a loan for borrowers by selecting the best available solution at the best available rate. Real estate brokers help borrowers to get a loan in accordance with their needs, making in the same time a profitable investment for the financial brokerage or lender. All the work can be done online, leading to a fast win-win situation for all.
The load mortgage broker has a professional expertise with direct access to many loan products, providing customers efficient and cost-effective options that are meeting their specific needs. He will provide customers with choice, convenience and expertise.
A good broker is the customer's mentor, guiding him to the entire loaning process, balancing the client's financial goals, offering extensive choices.
A professional mortgage broker is using loan packages with less than perfect credit histories, permitting to his customers to enjoy the benefits of home-ownership.
A mortgage broker isn't a banker, neither another financial lender. He is (or must be) a real estate professional offering products and services. A broker can act as a banker too, when funding loans. Maybe the best part of a home mortgage broker activity is the help he is giving in assessing the requirements and saving the customers time. Having contact with many banks they can offer advices on the ways to overcome the frontiers to loan qualification. A mortgage broker also knows the laws and regulations, simplifying the borrowers' task.
He is taking the application and obtains the credit report and appraisal. He counsels the customer on the approval process; obtain the credit report and appraisal, collecting the necessary documents. He also provides separate services and facilities to wholesale lenders; market the lender's product also. Mortgage broker also is assembling and delivering the completed loan package.
The mortgage broker really cares about the quality of the loan; the safety and soundness of the mortgage lending community is linked to the success and efficiency of its home loan originations. Consumers who exercise their choice choose mortgage brokers because they are dedicated to their customers, who are the consumers, and in the same time the wholesale lenders.
May the broker steer consumers to the lender who pays the highest fees to the broker? Isolated instances of steer can occur, but the free-market economy is protecting the customer giving him a powerful weapon: the vigorous open competition. Each consumer can shop and compare the prices; his final option will lead him to the best solution. The level of choices has no precedent.
MORE RESOURCES updated Fri. August / 07 / 2020
Don't let mortgage rates distract you. You should also consider this when refinancing - Fox Business
Rocket’s Refinance-Fueled Blastoff Might Not Last The Wall Street Journal
How to Refinance a Jumbo Loan Credible News
Refi Rates Today, July 24, 2020 | Rates slide Bankrate.com
Is It Already Time To Refinance Again? Mortgage News Daily
Current Refinance Rates, July 15, 2020 | Rates slide Bankrate.com
Wells Fargo tells new clients they need $1 million in balances for certain mortgage refinancings - CNBC
Wells Fargo tells new clients they need $1 million in balances for certain mortgage refinancings CNBC
Experts offer tips on buying new home, refinancing amid record-low rates WBAL TV Baltimore
You might have a tough time getting a 'jumbo mortgage' during pandemic. Here's what to expect - CNBC
Mortgage industry faces 'tsunami' of refinancing deals Phoenix Business Journal
Don't make these mortgage refinancing mistakes | Business | swoknews.com The Lawton Constitution
The Tax Breaks for Homes That Help You Now The Wall Street Journal
What is the cheapest way to borrow money? Fox Business
What Is A No-Closing-Cost Mortgage? Bankrate.com
Compare mortgage, refinance, insurance, CD rates Bankrate.com
Should I pay off my mortgage or invest the money instead? | Mortgage Rates, Mortgage News and Strategy - The Mortgage Reports
Should I pay off my mortgage or invest the money instead? | Mortgage Rates, Mortgage News and Strategy The Mortgage Reports
New SimpleNexus eClosing feature enables mortgage lenders to conduct speedy and convenient hybrid closings of purchase and refinance loans - Send2Press Newswire
New SimpleNexus eClosing feature enables mortgage lenders to conduct speedy and convenient hybrid closings of purchase and refinance loans Send2Press Newswire
7 ways to make extra income in retirement Bankrate.com
Mortgage refinance: Everything you need to know Fox Business
Available mortgage credit sees first increase after 8-month low Mortgage Professional America
How to get a jumbo mortgage when lenders are scarce Bankrate.com
How to get the best mortgage refinance rates Fox Business
How to refinance your mortgage Fox Business
Is now the best time to refinance your mortgage? Fox Business
10 things to know before refinancing your mortgage Fox Business
There Has Never Been a Better Time for Co-ops to Refinance Habitat magazine
Figure Names Wall Street Vet Robert Hershy as Head of Capital Markets Effort for Provenance - Business Wire
Figure Names Wall Street Vet Robert Hershy as Head of Capital Markets Effort for Provenance Business Wire
When should you refinance your mortgage? Fox Business
Mortgage refinance applications spike 79% as homeowners rush to take advantage of lower rates - CNBC
Student Loan Refinancing Rates Fall to New Lows Credible News
Record number of borrowers can now save on a mortgage refinance as rates drop from coronavirus fears - CNBC
Record number of borrowers can now save on a mortgage refinance as rates drop from coronavirus fears CNBC
How will these housing trends play out for the rest of 2020? Mortgage Professional America
How does mortgage refinancing work? Bankrate.com
With Mortgage Rates So Low, Getting a Floating Rate Mortgage Might Seem Crazy. Here's Why I Did It Anyway - MONEY
With Mortgage Rates So Low, Getting a Floating Rate Mortgage Might Seem Crazy. Here's Why I Did It Anyway MONEY
Should I refinance my house? Mortgage rates drop to 50-year low as coronavirus spreads across the U.S. — and the world - MarketWatch
Should I refinance my house? Mortgage rates drop to 50-year low as coronavirus spreads across the U.S. — and the world MarketWatch
I refinanced my mortgage during COVID-19, and thanks to low interest rates I'll save about $50000 - Business Insider
I refinanced my mortgage during COVID-19, and thanks to low interest rates I'll save about $50000 Business Insider
The impact of the coronavirus on mortgage refinancings Brookings Institution
The basics of no-closing cost mortgage refinancing Fox Business