new york mortgage refinance: 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 refinance: 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.
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.;)
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