Archive for the ‘Choosing a Lender’ Category

January 11, 2010 0

The Lender that Could – I Knew I Could

By Scott in Choosing a Lender, Qualifying, Rates & Fees

The mortgage business can be a confusing industry to understand. There are different types of loans, different types of lenders and different paths for loans after closing. All of these can impact your ability to get approved for a mortgage loan, the terms of the loan or how smoothly the process goes. [...]

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January 4, 2010 0

Max FHA Origination Fee – ELIMINATED

By Scott in Big Changes, Choosing a Lender, FHA, Rates & Fees

Effective January 1, 2010 the Department of Housing and Urban Development (HUD) who runs the Federal Housing Administration (FHA) modified their policies surrounding the maximum amount a mortgage lender may charge for “origination” fees on FHA mortgages.  This is no surprise due to the recent changes the the HUD and GFE that went into effect [...]

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May 15, 2009 1

Mortgage Brokers vs Mortgage Bankers

By Scott in Choosing a Lender

Not all lenders are created equal.  Knowing the difference between the different types of lenders and how those differences impact you could save you money and provide you with more options.  Most people think of mortgage brokers when they think of talking with someone about obtaining a mortgage but mortgage brokers are only one type of [...]

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