mortgage broker: Mortgage Banker or Broker?
- 03/08/10 04:57 AM
Have you ever wondered the difference between financing from a Banker or a Broker? Many Consumers falsely assume that there is little to no difference between the two. Lets start with a Mortgage banker. Mortgage Bankers: A Mortgage Banker is a direct lender who loans their own money, more often than not, with the intent to sell your loan to the secondary market. Some Banks retain the right to service the loan, which leads to the perception that they still own your loan. A mortgage banker will present you with only that lender's program of mortgages, so you need to speak with several mortgage … (0 comments)
mortgage broker: First time home buyer in Framingham MA?
- 02/01/10 07:41 AM
First time Home buyer in Framingham MA? Then I'm sure you have a lot of questions. What should I do first? What do I need to be prepared for? What questions should I ask my Realtor or Broker? Do I need both? The process of buying your first home can be quite overwhelming. That is why it is important to know the basics and educate yourself on what lies ahead.
Lesson 1. How much should you save for a down payment. The most important thing to consider before beginning a home search is how much do you have saved for a down payment? The minimum down payment required … (1 comments)
mortgage broker: Home Refinance in Framingham MA
- 01/11/10 04:40 AM
Home Refinance in Framingham,MA I want a home refinance in Framingham MA, now what? Do your homework and look for a reputable Mortgage Broker who will look at your financial goals and determine the best mortgage programs available to help you reach those goals. Does your broker provide you with only one option or do they present you with more than one? Refinancing, just like purchasing, has more than one program. Be sure you are presented with at least two options. A good Broker will also provide you with a Total Cost Analysis, TCA, that shows the long term benefits for each of those program options. Be weary … (1 comments)
Have you ever wondered the difference between financing from a Banker or a Broker? Many Consumers falsely assume that there is little to no difference between the two. Lets start with a Mortgage banker.
;)
;)
