If you’re about to purchase a new home or refinance your mortgage loan, you are bombarded daily with ads for mortgage loans. They’re especially aggressive from the national lender whose name rhymes with “Pocket” and the big internet lenders who say they can manage your home’s purchase and mortgage. But do big internet lenders really
Churning a loan – it’s an inside reference to a scam performed by some lenders across the country. It works like this: because mortgage rates are at rock bottom interest rates, these lenders offer borrowers a rate lower than a borrower’s current rate. BUT this rate is not the lowest interest rate available, so if
Finding and getting a mortgage is a lengthy process. Many national institutional lenders promote their fast pre-qualifications and ease of use, but do they really make the process easier? Getting a mortgage isn’t like buying a pair of shoes online, it’s not a quick, one-time interaction. You will inevitably need to communicate with your lender, realtor, seller,