Mortgage Broker Articles and Videos - Page 3

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…

Everyone wants a "sunny," "charming," "adorable" home with a "skyline view." But what happens when these fantasy home turn out to be figments of your broker's imagination. It could be they are trying to put a positive spin on things, but if you don't like the way your broker describes potential…

A borrower canceled a loan after seeing that fees had mysteriously increased, and now the mortgage broker is insisting on payment for his service. This borrower should write a letter to the mortgage broker informing him that he has violated many of the laws under the Real Estate Settlement…

When buying a home, it's best not to tell your real estate broker how much you are willing to pay for a home, especially if the agent represents the seller as well. That's because sometimes agents let proprietary information slip out and that can compromise your ability to negotiate the best deal…

When you sell your home you may face a mortgage prepayment penalty if you still have a mortgage loan. In addition you may have to pay taxes on the profit from the sale. To determine the best way to structure a real estate sale when you have a mortgage loan with a prepayment penalty you should…

When you apply for a mortgage loan a lender is going to need to verify that you have a job, what you earn, how much you have saved, what kind of assets you have, and assess what kind of credit risk you're likely to be. If you're going to be shopping around for your mortgage, it's a good idea to make…

When you buy a home and lack money for a substantial down payment you have to buy private mortgage insurance, or PMI. Once you have made enough mortgage payments and have at least 22 percent equity in your home, you can stop paying PMI. To determine how to stop paying PMI and whether you should…

There are more good real estate agents than bad, but home sellers should do their research before selecting one. Real estate agents should have their clients' interests at heart, so home sellers should beware of bad apples. Home sellers should also beware of real estate agents who may be trying to…

The most common way to find a real estate agent is to to gather referrals from friends, relatives and neighbors, then interview the agent over the telephone and choose the one who seems to best meet your needs. Should the size of a real estate firm also play a role in picking an agent? Size matters…

Every day, unscrupulous lenders ask borrowers to sign blank mortgage applications. They ask borrowers to overstate their income and to enhance their work history. They advertise that they can help when no one else can and then pocket hefty fees from grateful borrowers when the loans close. Consider…

Quicken Mortgage, an Internet-based application and approval system, allows borrowers to peruse mortgage interest rates from six of the top 25 lenders on a real-time basis. Once borrowers have established loan length and type parameters, and completed a preliminary application, QuickenMortgage…

Everyone tells you it's a good idea to check out the real estate agent, mortgage lender and personal finance advisor you want to work with. But how far should you go? Doing your homework on the people who will help you handle the biggest financial transaction of your life can save you headaches…

In the residential housing market, the concept of a buyer's broker has become more mainstream as home buyers realized that they, too, were entitled to have someone on their side to help with the negotiations. Buyer's brokers owe their fiduciary duty and loyalty to the buyer, not the seller, as in…