Don’t reward bad lenders. Many mortgage borrowers in this market have heeded our call to shop their mortgage around, especially when dealing with that “quick in pocket-sounding lender” or that VA lender that is supposed to “unite” veterans. They call us because they want to compare offers to see if they are getting a good
In today’s mortgage market, whenever one lender pulls a credit report on a borrower, the credit bureaus (Experion, Equifax and Transunion) then sell that borrower’s information to unscrupulous internet lenders who then try to solicit borrowers already in a mortgage application with another lender. At Indigo Mortgage, we call these internet lenders “bottom feeders”. Here’s
Recently, we wrote that taking out a new mortgage is not like buying a pair of shoes. Yet some internet lenders, like the one that rhymes with “pocket”, treat people like they are a commodity. Often, we get borrowers who call and say they got hooked up with this “pocket” lender and it was quite
Some lenders today are treating the biggest financial transaction of people’s lives like it’s as easy as buying a pair of shoes on the internet. You’ve seen the advertisements – “just click this button and get a mortgage”. Mortgages are a big deal and they are very personal, so why do internet lenders assume borrowers
Preapproval is necessary for the home-buying process. In fact, it’s so necessary that realtors in Albuquerque are hesitant to show a home to a potential home-buyer unless the borrower has already been pre-approved for a mortgage. Similarly, the pre-approval is involved in a mortgage application. You will provide detailed information on your application about your