7 Mortgage Myths That Still Befuddle Borrowers » Mortgage Masters Group

Mortgage Lenders Become More Aggressive About Deficiencies During the real estate boom, most mortgage lenders did not bother to pursue borrowers who lost their homes to foreclosure and whose home did not sale for more than the mortgage.

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Be Mortgage-Free Faster with the 10 & Done Home Loan They’re also paying off student loans while fording this financial crisis. If they’re still in college, they might be having trouble getting loans. Add to that the fact that they’ll be the ones.

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Unit 12 Mortgage Brokerage. -A mortgage banker is an individual or entity that is licensed by the New York State Banking Department with the ability to originate a loan to a qualified borrower or borrowers. Mortgage bankers utilize their own funds, have their own line of credit, generally comprised of borrowed funds, to originate loans.

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– A mortgage broker is a person or company that can arrange a mortgage between you (the borrower) and a mortgage lender. They’ll work directly with you to help you decide what kind of mortgage you need, and then find a deal that matches your criteria – whether you’re a first-time buyer or looking to remortgage your current home.

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7 Mortgage Myths That Still Befuddle Borrowers Borrowers continue to get smarter about the mortgage process, but from questions about closing costs to the minimum down payment and credit score needed to qualify, there s still a lot that can keep consumers confused during the origination process, or worse, on the sidelines of the market entirely.

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