A mortgage broker is not a loan officer. A loan officer works for a bank or lending institution. Their job is to process loans or mortgages for their employer. A loan officer can usually offer you several different types of mortgages with different interest rates, but they’ll all come one source – the employer.
Mortgage […]
Home Equity Loans Rate | Is a Mortgage Broker a Loan Officer?
Tuesday, October 31st, 2006Home Equity Loans Rate | Can You Refinance with Bad Credit?
Tuesday, October 31st, 2006Bad credit, including history of bankruptcy and foreclosure, shouldn’t keep you from the possibility of refinancing. But it can be both costly and risky. So be sure you do your due diligence before jumping in.
Refinancing can help solve some of your money problems. If you’ve accumulated equity in your home, refinancing can get you […]
Home Equity Loans Rate | Home Equity 125% Loans
Tuesday, October 31st, 2006A home equity 125% loan is a type of second mortgage. Using your home as collateral, it lets you borrow up to 25% more than the home’s appraised value. Sounds pretty good, right?
But, “Borrowers Beware!” the Federal Trade Commission warns.
Why? Because there are hundreds of dishonest and deceitful lenders willing to promise you anything to […]