Mortgage Broker Junk Fees: What You Need To Know
Has your mortgage broker added mysterious fees and services to your closing costs? They could be mortgage broker junk fees. Learn how to protect yourself from inappropriate closing costs in this Expert Real Estate Tips segment on mortgage broker junk fees.
How Are Mortgage Brokers Paid?
What are mortgage brokers paid and how is payment calculated? What is a good faith estimate and how can you tell junk fees from legitimate costs? Watch this Expert Real Estate Tips segment for more information about mortgage brokers fees and how mortgage brokers are paid.
Mortgage Interest Rates Change For Mortgage Refinance
What penalties do you pay when you cancel a mortgage loan refinance? A home owner asks about canceling a mortgage loan refinance because mortgage interest rates dropped four days after he filled out his refinance application. Ilyce says to walk away from the mortgage loan refinance, he has to be…
Refinance After Mortgage Crisis: Help Finding A Mortgage Lender
It may sound great when you hear you're pre-approved to refinance your mortgage loan. But how can you figure out whether the mortgage lender who wants to refinance your loan is credible, especially after the mortgage crisis? You can call the Better Business Bureau (BBB) and check out what other…
Choosing The Right Mortgage Loan
Learn about mortgage basics including two common types of mortgage loans and what it takes to qualify. Your credit score will have an impact on what kind of mortgage loan you can get. Being informed about your credit score and your options will help you get the right mortgage for you.
The Difference Between Mortgage Brokers And Bankers
Not sure whether to get a mortgage loan through a mortgage broker? Learn what mortgage brokers and mortgage bankers do and how they get paid. How can you find a good mortgage broker?
Steps For Establishing A Credit History
Having a good credit score will help you get a better mortgage interest rate. Learn how mortgage lenders use your credit score from mortgage broker Victor Benoun. You should try to increase your credit score before you apply for a mortgage. To establish a good credit score you must make your…
Getting A Loan Through A Mortgage Broker
When shopping for a home loan, is it better to go through a mortgage broker or a bank? When you get a loan through a mortgage broker, he's compensated with fees often paid by the lender. Mortgage brokers represent "end" lenders, the companies that invest in mortgage loans.
Get The Best Loan At The Best Rate On The Best Terms
When it comes time to buy a house, the biggest purchase that you will ever make, you need to make sure you have the right mortgage for your needs. It might not be the cheapest, but it might work if the interest rate, fees, and timeline are correct for your budget. The loan you choose needs to work…
Broker Fee Latest Trend In Real Estate
The latest trend in real estate seems to be buyer's brokers asking a broker fee on top of the commission. Buyers shouldn't agree to pay an extra fee on top of the commissions the broker is receiving. Some real estate agents acknowledge that if they receive a split of a 6 percent commission, they are…
Real Estate Law Restricts Who Can Receive Fees From Home Purchase
When you buy a home, it's good to understand whether the professionals involved in your home purchase can receive referral fees. The Real Estate Settlement Procedures Act prevents giving lawyers, real estate brokers and mortgage lenders referral fees. Learn how to stay clear of any illegal activity…
Lenders, Mortgage Brokers and Bankers
There's a wide world of difference between different types of lenders. Knowing how mortgage brokers, mortgage bankers, and other types of lenders operate can help you make a smart move with your money.
Mortgage Interest Rates Reflect Loan Risk
Studies have shown that consumers pay too much for their mortgages. Learn how mortgages are priced and why some borrowers get mortgage loans with higher interest rates than others. Mortgage loan interest rates take the riskiness of the loan into account.
Hey, Folks. I'm back from London. And, a little late in posting for the show this morning. But, here's a look at what talked about today:
I talked about how the BEST deal you can get on your money when traveling abroad is from an ATM machine. In London last week, I used an ATM machine, and got a…
Loans Financing New Construction
There are several loans you can get to finance new construction. The loans you can get to finance your new construction include a construction loan and equity from an existing home. However, you must make sure you can make the payments on the loans financing your new construction, especially if you…
Closing Canceled At Last Moment
A young couple was on the way to owning their first condo. On the morning of the closing, the lender calls to say they will not be able to make the loan because the building is a condominium conversion. Ilyce and Sam give the reader advice on how to recover their many expenses and how to avoid this…
100 Percent Investment Property Loans
Investing in real estate? When it comes to investment property, 100 percent financing is tough to come by. Here's how to finance investment property, including a few great tips for real estate investors.
Loan Approval Letter Versus Loan Commitment Letter
A loan approval letter will generally state that the borrower is approved for a loan and will fund on the loan upon satisfaction of certain conditions. A loan commitment letter will state that a lender commits to fund on a loan upon the satisfaction of certain conditions. Both of these types of…
Choosing The Right Mortgage For Your Finances
The world is your oyster when it comes to picking a mortgage. There are all sorts of interesting and creating financing techniques that lenders are coming up with to cater to the booming real estate market. Mortgage companies are waking up to the fact that people have incomes that vary, and managing…
Mortgage Broker Forgets Refinancing Fee For Title Company
When you close on a mortgage refinancing you have to pay closing costs again. Among those closing costs may be a fee for a title company. What happens if your mortgage broker forgets to tell you about the title company fee until after the closing? Is it your responsibility to pay the title company…
Mortgage Loans: Pricing The Best Home Loan For You
Want to get a good mortgage loan? Be sure to shop around, compare prices, and negotiate with mortgage lenders to get the best mortgage loan for you. Just remember, the best loan for you may not be the cheapest loan you’re offered by the mortgage lender.
Wife's Name Forged On Quit Claim Deed
A homeowner has learned that her husband refinanced their home by forging her name on a quit claim deed. It is the responsibility of the mortgage broker to get the approval of each person on the title to the house. If the mortgage broker forged her signature, she should report the fraud. If her…
Mortgage Loans For Financing Investment Property
There are several mortgage loans available for financing investment property. One of the best mortgage loans for financing investment property is the FHA 203(k) loan, but you must live in the house for at least one year. A construction loan is another type of mortgage loan for financing investment…
Mortgage Fraud: Homeowner Outside Lending Territory, No Fee Refund
A homeowner applies for a refinance and is denied because they are outside the lending territory of the lender, but the mortgage broker has not returned their application and commitment fees. Ilyce believes they have been victims of mortgage fraud, because the mortgage broker should have known the…
Refinancing Home With A Bad Credit Score
Can you refinance your home if you have a bad credit score? Ilyce discusses how to make corrections to credit history, and boost your credit score so you can work with lenders and refinance your home. Ilyce also offers tips on how to improve your credit score and refinance your home within six…
