My Mortgage Is Adjusting Up Too Much!
"My adjustable rate mortgage is adjusting up way too much!" That's a complaint Loan Officers are hearing a lot lately. You're not alone. Different estimates are that between 500 billion and 1 trillio
http://www.brokeroutpost.com/reference/57074.htm (Updated: 12/03/2007)
Related Reference Topics: [arm, adjustable rate mortgage, refi, refinance]

Credit FAQ
Credit FAQ When I checked my credit scores online I had higher scores, what happened? There are different scoring models, for instance: consumer, auto, mortgage. I heard pulling your own credit
http://www.brokeroutpost.com/reference/12514.htm (Updated: 10/08/2007)

Good Faith Estimate Defined
Loan Officers are requried to send a Good Faith Estimate to their clients as part of their pre disclosures. The Good Faith Estimate will have a line by line description of all finance charges associa
http://www.brokeroutpost.com/reference/52635.htm (Updated: 09/05/2007)
Related Reference Topics: [fees, good faith estimate, closing costs]

Using a mortgage broker
There are many advantages to using a mortgage broker versus going to your local bank in order to obtain a mortgage for a home purchase or to refinance your home. One advantage of using a mortgage brok
http://www.brokeroutpost.com/reference/97961.htm (Updated: 06/26/2007)
Related Reference Topics: [mortgage brokers, loan officers, brokers]

Reasons mortgage brokers are better!
Most local bank loan officers are paid a salary and have a 9-5 attitude. Calling them on the weekends or in the evening is not typically an option. A mortgage broker is typically working on commissi
http://www.brokeroutpost.com/reference/123632.htm (Updated: 05/13/2007)

"Banks Compete" Model of rate Shopping
I am sure lots of you know about this model of business. You go online fill out a form with your personal and loan information and Voila, in minutes you have 4 professionals who will quote you their b
http://www.brokeroutpost.com/reference/78130.htm (Updated: 12/30/2006)
Related Reference Topics: [online rate shopping]

Mortgage Consultant
What is a mortgage consultant? Is it the same as a loan officer, a financial planner, a mortgage adviser, or a mortgage broker? A mortgage consultant is a mortgage professional that is licensed, h
http://www.brokeroutpost.com/reference/39131.htm (Updated: 09/24/2006)
Related Reference Topics: [loan officer, adviser, financial planner]

What are loan officers paid to do?
Loan officers are paid to perform many functions. The exact work that they perform will depend on the individual loan officer and what they are willing to do. Some are willing to ‘go the extra mile’
http://www.brokeroutpost.com/reference/30521.htm (Updated: 06/11/2006)
Related Reference Topics: [commission, payment, loan officer, broker, bank]

Is the good faith estimate accurate?
The Good Faith Estimate is a disclosure of all of the costs that are associated with the settlement of your mortgage loan. Loan officers are required to provide you with a good faith estimate within
http://www.brokeroutpost.com/reference/30723.htm (Updated: 04/22/2006)
Related Reference Topics: [good faith estimate, gfe, respa]

Bank loan officers versus brokers
When choosing a mortgage professional to work with, you need to decide if you are going to work with a loan officer from a bank or a broker. There are some major differences between the two. Here is
http://www.brokeroutpost.com/reference/30036.htm (Updated: 04/02/2006)
Related Reference Topics: [bank, broker, loan officer]

Misleading marketing to watch out for
There are many unethical mortgage brokers and loan officers in the industry. They often use misleading marketing and ethically questionable tactics to get your business. Here are just a few things a
http://www.brokeroutpost.com/reference/27802.htm (Updated: 03/17/2006)
Related Reference Topics: [marketing, misleading, scams, unethical]

No Money Down Mortgage
A type of mortgage financing in which a home buyer purchases a property without any downpayment. There are many 100% Loan-to-Value mortgages available nowadays. Most experienced loan officers can al
http://www.brokeroutpost.com/reference/25196.htm (Updated: 03/06/2006)

Creative Financing
Many loan officers take pride in creative financing. They will find ways to help theri clients purchase homes; even when the odds seem stacked against them.
http://www.brokeroutpost.com/reference/22166.htm (Updated: 02/20/2006)