new york mortgage broker: New York Mortgage Broker Discusses the Benefits of Working with a Mortgage Broker
- 11/01/07 06:51 AM
There are many benefits of working with a mortgage broker, whether you're looking to purchase a home or refinance your existing mortgage. Many incorrectly think that the only benefit of working with a mortgage broker is that the mortgage broker will be able to shop for their loan with various lenders. There are many benefits of working with a mortgage broker, whether you're looking to purchase a home or refinance your existing mortgage. Many incorrectly think that the only benefit of working with a mortgage broker is that the mortgage broker will be able to shop for their loan with various lenders. (1 comments)
new york mortgage broker: New York Mortgage Broker Discusses Mortgage Broker Compensation
- 11/01/07 06:48 AM
Mortgage brokers are compensated in one of three ways. A mortgage broker can be compensated by the lender in the form of yield spread premium, by the borrower or a combination of compensation from the lender and compensation from the borrower. In this article I will discuss each way a mortgage broker can be compensated. Mortgage brokers are compensated by the borrower in the form of a mortgage broker fee. A mortgage broker fee is a percentage of the loan amount a mortgage broker will charge the borrower for arranging the mortgage loan. As in any service industry, mortgage broker fees will (0 comments)
The purpose of this blog is to educate and disupute some common misconceptions relating to the wonderful world of mortgage finance. Of course, I will ocassionally utilize the blog to vent some frustrations as well.