The term broker is often overused. Technically a residential mortgage broker is a liaison between a borrower and a bank. However in lending, it is most thought that a residential mortgage lender would be loaning their own money. Meaning that if I were to work for one company, I would put all of my loans through that company, therefore I would … [Read more...]
Archives for February 2013
Mortgage Approval Calculators
Finding a mortgage approval calculator online can be easy to do, but tough to trust. There are some major variables in calculating a mortgage payment that can often be missed, and this mortgage approval calculator blog will help show you how to make the best use of the calculators you find online. The video below talks about some of the reasons … [Read more...]
How To Compare Home Loan Rates
It is my personal opinion that comparing an APR is not a fair way to compare rates between lenders. Now, I know that the APR was originally constructed to be able to compare one rate that would consist of all of the costs for the transaction between lenders, but unfortunately, there is more to it than that. The short video below goes over some of … [Read more...]