Archive for: November 29, 2006

The loan officer will add on their earnings before quoting a rate to you.  The company usually has a minimum rate a loan officer has to add.  There is also a maximum so you do not get ripped off.

Say you …

Higher rates don’t cost as much as lower rates because the lender will earn more interest.  The lower the interest rate the lender earns less.

Almost all loan officers are paid on commission.  The amount earned the the loan officer and …

If you have a question on mortgages, home loans, etc. feel free to comment.  I am going to write a few more things on mortgages but I am also going to add more areas on home improvement, refinancing, etc. 

If there …