December 28, 2006

Mortgage Broker Company: House Location and Feng Shui

Filed under: Mortgage Broker Company - 28 Dec 2006

Believe in Feng Shui? Don’t wait to  purchase your house before thinking of Feng Shui. One of the first things to consider is the location.  T-junctions are not good.  Energy travels on roads and all the baggage from people will end …

December 22, 2006

Mortgage Broker Company - Home improvement loans

Filed under: Mortgage Broker Company - 22 Dec 2006

Home improvement loans are loans used to repair or improve your house or property. They will maintain or increase the value of your home and property. So anything that will increase the value of your house or property from remodeling …

December 7, 2006

Mortgage Broker Company - Value Added Loans

Filed under: Mortgage Broker Company - 07 Dec 2006

This is a loan I had not heard of that I guess is quite new.  It is used for when you are making major improvements on your home that will substantually increase the value of your home.

Instead of lending you …

November 28, 2006

Mortgage Broker Company - Mortgage Brokers.

Filed under: Mortgage Broker Company - 28 Nov 2006

A mortgage broker is the loan officer for wholesale lenders.  The broker gets a low rate from the wholesale lender, the broker adds on his compensation, and the rate is usually about the same as you would get if you …

November 25, 2006

Mortgage Broker Company - Where Does Mortgage Money Come From?

Filed under: Mortgage Broker Company - 25 Nov 2006

You talk to a lender and apply for the loan.  The lender does all the processing for you and you move in to your new home.  You make the payments to the company who originated the loan or your loan …

November 24, 2006

Mortgage Broker Company - Stocks And Bonds For Your Down Payment For Your Mortgage?

Filed under: Mortgage Broker Company - 24 Nov 2006

If you plan on using stock etc. for your down payment you will need to provide the lender with proof of your stock.  You can provide them with the statements you receive from the brokerage firm.  You will probably need …

November 21, 2006

Mortgage Broker Company - The First Step In Buying Your House And Getting A Mortgage

Filed under: Mortgage Broker Company - 21 Nov 2006

The first things most people do when they begin to think about buying a house is looking at houses for sale in newspaper ads, or magazines in the store put out by realtors, or on the internet.

Some people get “how …

November 17, 2006

Mortgage Broker Company - What Is A Wholesale Lender?

Filed under: Mortgage Broker Company - 17 Nov 2006

Ok, what is a wholesale lender. 

They offer loans to mortgage brokers at a lower cost then a retail branch offers to the general public.  The mortgage broker than adds their fee. 

The result?  The loan cost is about …

November 7, 2006

Mortgage Broker Company - Need A Special Mortgage? 4

Filed under: Mortgage Broker Company - 07 Nov 2006

What is a Bridge Loan?

Bridge loans also have the terminology swing loans.  This loan is used when you are selling you home and need the proceeds from this sale to purchase your new home.

If your current home does not sell …

November 2, 2006

Mortgage Broker Company - How Large A Down Payment Should I Make For My Mortgage. (cont.)

Filed under: Mortgage Broker Company - 02 Nov 2006

I need to add

You could get a better tax break if you use a low cash down payment.  Mortgage interest on your primary residence is tax deductible (check limitations). Also you may need to have some cash for emergencies or …

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