mortgage Directory

mortgage Articles

WRITERS WANTED! (click-me)

Feature Article:

Refinancing Your Home Mortgage - Get Up To 125% Cash From Your Home's Value
With the low interest rates being offered by lenders today, now can be the perfect time to refinance your existing mortgage. Remember that you do not have to refinance your home through the same lender that provided your initial mortgage. Lending...
...Read More



A Whole Different Kind Of Mortgage Broker

www.bigmailnow.com       Navigation

There's a different kind of mortgage broker on the block, and they're giving conventional mortgage brokers a run for their money. With today's current economy, consumers have to be as budget conscious as ever, and it's showing in every consumer decision they make - including shopping for a mortgage.

Gone are the days where the consumer waits with baited breath as to whether or not the corner mortgage broker can find financing for the home they want to buy.

Say hello to today's new mortgage seeker; the one who has lenders competing for their business, makes educated lending choices and is making upfront mortgage brokers more popular than ever. So what is an upfront mortgage broker? The main difference between an upfront mortgage broker and a conventional mortgage broker is that an upfront mortgage broker discloses their fees to the borrower up front and in writing.

The borrower will pay the broker a fee in addition to paying the wholesale loan price. With conventional mortgage brokers, borrowers don't know the true cost of the loan until after the application has been submitted. The conventional lenders add a markup to the wholesale rate of the mortgage to make their profit. While on the surface it may seem like the prices quoted by upfront mortgage brokers compared to the quotes received by conventional lenders would not be the wise choice, don't be fooled.

The quotes you get from an upfront mortgage broker will be an accurate reflection of what you're really going to pay. Just because a conventional mortgage broker promises you the moon, does not mean that he can actually deliver it. There are other reasons that have conscious consumers choosing upfront mortgage brokers over the traditional conventional brokers.

While conventional mortgage brokers don't always have the best interests of their customers in mind, upfront mortgage brokers gain nothing by providing their borrowers with anything other than the mortgage that best suits their needs.

There are also times when mortgage brokers are given rebates by third parties.While a conventional broker may keep this rebate as a part of their profit, an upfront mortgage broker will always pass this rebate on to the borrower.

With consumers appreciating honesty and no-nonsense approaches when dealing with their lending needs, upfront broker methods may just change the face of mortgage lending forever.

About the Author: Kigo kare is an author and mortgage analyst dedicated to helping homeowners maximize the investment in their homes. Discover how to quickly build a minimum of $40,000 worth of home equity and pay your mortgage off in 10 years or less without making biweekly mortgage payments. Visit: http://kv.iwarp.com/mc.html

Source: www.isnare.com


More Reading:

Home Mortgage Quotes Online How Do They Compare To A Quote From A Broker In The Real World

Flexible Mortgage UK Mortgages To Specially Suit The Self employed

Cash Out Refinance Home Equity Mortgage Loan or Cash Out Refinance

Mortgage After Bankruptcy Tips On Buying A Home

Rhode Island Mortgage Loans

Home Equity Mortgage

mortgage Home

mortgage Directory

Additional Reading

Home Loans and Mortgages The Selection Can Be Bewildering
For years, when someone wanted to purchase or refinance a home, the choices were simple. The buyer chose either a 15-year fixed-rate mortgage or a 30 year fixed-rate mortgage. That was it. Of course, those were also the days of twenty percent down...
...Read More

What You Should Look for In a Mortgage Broker
The mortgage broker is the person who would deal with you directly to provide the funds to make your dream home come true. You might not be able to choose all the people who will be working on your mortgage. But the mortgage broker is one person...
...Read More

Are Mortgages a Risky Business?
A bank or mortgage company is nothing more than a box in which to keep money. The owner of the box has to do a few calculations. Firstly, how much is he going to offer those people who deposit cash in his box, in return for such a deposit?...
...Read More



Internet Search for: mortgage, their, broker

[an error occurred while processing this directive]



Copyright    www.bigmailnow.com