For MISSISSIPPI - Use Certified Mortgage Broker - 07/28/07 08:56 PM
Why a NAMB Certified Broker?
National Association of Mortgage Brokers (NAMB)-certified mortgage professionals pledge to adhere to a strict code of ethics and best business practices, and they have proven their skill by meeting tough eligibility requirements and passing a rigorous exam.  As the economy and the mortgage industry change, NAMB-certified mortgage professionals maintain their industry expertise by satisfying NAMB's continuing education requirements.  What does this mean to you?  It means that when you work with a NAMB-certified mortgage professional, you are working with an experienced and knowledgeable professional - you are working with the best in the business.
Find a NAMB Certified … (0 comments)

For MISSISSIPPI: The Truth About Credit Inquiries - 07/28/07 12:00 AM
Don't ever let a loan originator or loan officer convince you that "shopping around" will negatively affect your credit scores.
This is typically a scare tactic that some loan originators use to retain your business -  possibly from finding a lower interest rate or better program elsewhere. Or, this could mean that this loan originator is unknowledgeable that the law had changed and just didn't know.  
The fact is you "should" shop around!  This is your right as a consumer and is covered by the FACT Act, which is regulated by the Federal Trade Commission.
Here is how it works:  Mortgage credit inquiries within a 14 day window … (2 comments)

SHOPPING FOR A MORTGAGE? - 07/27/07 11:36 PM
Shopping for a mortgage can be a very confusing process, especially if you're a first-time home buyer.  It is very important that you shop around and compare offers from different lenders.  Don't just take one offer from one lender.  By doing this you can choose the best offer and one that best serves your individual needs.
One way to compare different offers from various lenders is the Good Faith Estimate (GFE).  A GFE breaks down the total estimated costs associated with buying a home.  When comparing these offers, be sure to not only look at the interest rate offered, but also the … (0 comments)