When choosing a good mortgage lender, whether you choose a mortgage broker or a mortgage banker, you’ll want someone who can do the job right. Finding a lender who will take the time to make sure you understand the different loan programs being offered, and will help you decide which loan best meets your needs is key to having a smooth closing. Check out the articles, columns, blog posts, radio shows and videos for more information about mortgage lenders.
Getting Transaction Statement From Mortgage Company
A mortgage company shouldn't refuse a borrower's request for a detailed transaction statement. All lenders should give borrowers the statement on an annual basis giving you a statement of your account. If the lender has never given you a statement, refuses to issue you a statement, doesn't have a web site that you can go to and get a statement, then you should complain and complain loudly.
Ilyce Glink on WSB Radio – September 10, 2006
Ever wonder why, directly after you've applied for a loan, lenders start calling your house offering you competing loans? On this show today, Ilyce talked about how credit reporting bureaus tag your information when a lender pulls your credit history and then resell it to competitors. There is a way to opt out of having your personal information sold. Tune in to find out more.
Paying Extra Fees In Mortgage Refinance
A homeowner decided not to go through with a home refinance after starting the process. Now the bank is charging a subordination agreement fee and additional costs. When the borrower signed the application, they may have agreed to compensate the lender for certain costs and fees, even if they decided not to go through with the refinance. The loan application should outline all the fees.
Homeowner’s Foreclosure Help Comes From Non-Profit
Homeowners can get foreclosure help from many areas. The most important thing for a homeowner who may be thinking about starting the foreclosure process is to talk to their mortgage lender about why they can't pay their mortgage loan. The homeowner may find other places to protect them from foreclosure including a non-profit organization.
Dangers Of Quit Claim Deed
A quit claim deed, without transferring the mortgage, can be dangerous because the mortgage could be called at anytime. Without the title to the house as collateral, the lender can decide to call the mortgage. To arrange a quit claim deed between family members. consult a real estate attorney to determine how the estate should be arranged,
Paying Off Home Equity Loan
A homeowner was unable to contact her home equity lender to get a final pay off amount, so she stopped paying on the loan. She stopped making payments assuming that the company would contact her. This method only hurts her, and she will end up ruining her credit history or going into foreclosure without any warning from the mortgage lender. She needs to try harder to get the contact information, and resume making her payments.
Today’s Show On Newstalk 750 WSB
On today's show, we'll take a look at some of the new scams that popped up this week, and follow up on some issues relating to Identity Theft. I'm con...
Concealing Information Leads To Illegal Lending
A real estate investor wants to know if an unusual deal where he is willing to pay more than the asking price is considered illegal lending activity. The buyer is wondering if paying the seller outside of the stated deal with the mortgage company and not informing the lender is illegal. A buyer and a seller can agree to one price in a contract and agree that the seller will credit or pay the buyer money back at settlement. However, some people might suggest this transaction is illegal because you have a lender involved.
Mortgage Lenders And Refinancing: Finding The Best Deal
There are several ways to find mortgage lenders who can give you the best deal on refinancing your home. The easiest thing to do is go online and search for mortgage lenders and what kind deals they are offering for refinancing. After you've narrowed your search to about 2 or 3 mortgage lenders you must do background checks and even visit their offices in person before making your final choice and refinancing your home.
Refund Of Money Held In Escrow
Many homeowners pay money into escrow for their taxes and home owner's insurance. When the borrower pays off the loan in full, the borrower is entitled to a refund of all money held by the lender for both the real estate taxes and insurance premiums. Generally, Federal regulations require lenders to return the funds within a month or two.