Many tools are available to mortgage lenders and one of the tools I often use in my business is a Credit Analyzer tool provided by Advantage Credit of Colorado. By utilizing this tool and the experience gained from working with many customers, I have found ways to improve credit scores quickly to help in qualifying [...]
Archive for November, 2008
Government Mortgage Loans
Most of the time people are talking about Conventional Mortgage financing when they talk about a mortgage. Conventional loans offer the most flexibility on the terms and offer unique programs to fulfill the needs of just about every customer. That was the case until recently, when the “mortgage crisis”, as it is being called, occurred. [...]
Oh No…Credit Report Inquiries!
“I don’t want you to pull credit because my credit score will drop”. This is a phrase I hear all too often when I am working with potential home buyers. So instead of having the fear without understanding the impact an inquiry has on your credit score, I figured I would explain how inquiries really [...]
To Fee or Not to Fee?
Regardless of how a mortgage lender structures a mortgage for you, there will always be a cost that you will pay to obtain a mortgage. The cost may be through up front fees, such as an application fee, or sometimes itemized fees charged at the time of closing. Sometimes, there may even be a way [...]
How Mortgage Lenders are Paid
Ever wonder how your mortgage loan officer is paid? Well, you will find out today…
Lenders are compensated in two ways: the front end and the back end. The front end is everything you can see and know about while the back end is invisible to you. Front end compensation includes any fees or upfront charges [...]
