Refinancing your mortgage loan with the wrong broker will cost you thousands of dollars and in today’s economy could even result in the loss of your home. Remember that mortgage brokers are salespeople and come in multiple shapes in sizes with their own personalities. How can you tell if your mortgage broker is a dud? [...]
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Mortgages for Dummies
Did you know that according to the Secretary of Housing and Urban Development (HUD), homeowners in the United States, your friends and neighbors, will overpay sixteen billion dollars this year alone for their home loans? This is largely due to a perfectly legal but hidden markup of your mortgage interest rate by the person arranging your loan. Once you know how to recognize this hidden markup you’ll get wholesale mortgage rates for your next home loan and save yourself thousands of dollars from unnecessary markup and junk fees. Here are several Mortgages for Dummies articles, written in plain English, to get you started on the road to saving thousands of dollars on your next home loan.
My name is Robert Regehr and I’m a personal finance blogger with a chip on my shoulder for banks and mortgage brokers that take advantage of my friends and neighbors.
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