Mortgage Broker Pitfalls

Reasonable Mortgage Broker Fee

Refinancing your home loan with a mortgage broker can save you a lot of money if you can find the right broker. Mortgage brokers are often just like used car salesman; their commission is based on how much you overpay when refinancing. Here are several tips to help you negotiate with potential mortgage brokers to [...]

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California Refi

Have you tried searching the Internet for “California Refi” lately? You’re bound to find hundreds of websites competing for your contact information; however, there is very little value on these websites. Mortgage lenders want California homeowners to overpay when refinancing; the more you pay for the new loan, the higher their profit margins. Doing your [...]

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Comparison Shopping Mortgage Rates Online

Before refinancing your mortgage it is always a good idea to shop around for the best mortgage rate; however, unless you go about it correctly you will simply be choosing the best of the worst loan offers available to you. Here are several tips to help you comparison shop and close with the mortgage rate [...]

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How to Negotiate With Your Mortgage Broker

Mortgage Brokers can be an excellent resource for mortgage refinancing if you find the right broker to work with. Before entering into an agreement with a broker there are several important questions you need to have answered. The first thing you need to make clear to any potential mortgage broker is that you fully understand [...]

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Should You Refinance With a Mortgage Broker?

Mortgage brokers can be useful resources for refinancing your mortgage if you fully understand what you’re getting into in advance. Brokers are compensated by the origination fees you pay for your loan and often by marking up your mortgage interest rate for a kickback by the wholesale lender. This markup of your mortgage rate is [...]

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Juan: I was denied a loan modification, now I want to apply for a FHA streamline refinance , how should I go about doing that? My mortgage lender...
Katie: Thank you all for the helpful comments! I know no other company that refuses to give a Good Faith Estimate up front. More than a bit...
Liz Kinder: Any hope for non Freddie/Fannie mortgage holders who are underwater?
ELG: I just got a quote and USAA’s fees are very very high. I do not recommend them.