Category Archives: mortgage broker

How do I find a reputable FHA mortgage broker in Houston, TX?

I want to buy a house but need help and I want to find a good reputable Mortgage Broker experiened with FHA loans that can help, work, and guide me to what I need to do. Well there is nothing wrong with a broker. I mean ironic they suggested Bank of america which just bought [...]

Why do I have to trust in a mortgage broker when I am looking for a mortgage to my house?

I just get the Florida Mortgage Broker License and I want to do part of my ads with your response. I will really really appreciate your inputs and help. Also, tips in how to get clients for this busines and in real estate because I get the license in Florida too in these days. I [...]

What is the (dis)advantages of going with a mortgage broker?

My bank won’t give me the best rate to renew my mortgage, but there are costs with going through a broker. Any good / bad experiences people can share? You don’t pay a fee to a mortgage broker any more than you would by going to a bank. That is a common misconception. Also a [...]

can one broker small business loans to banks like a mortgage broker do with home loans?

I am a mortgage broker and want find out how I can fund small business loans too. can I broker them to banks? Business loans are a lot more complicated then mortgages. Take a business course at your local community college before you try this. addthis_url = ‘http%3A%2F%2Fwww.ucufutsal.com%2Fmortgage-broker%2Fcan-one-broker-small-business-loans-to-banks-like-a-mortgage-broker-do-with-home-loans’; addthis_title = ‘can+one+broker+small+business+loans+to+banks+like+a+mortgage+broker+do+with+home+loans%3F’; addthis_pub = ”;

Is it possible to have no mortgage broker fee?

I have a good faith estimate showing nothing on line 808, mortgage broker fee. It says compensation to broker from lender (not paid out of applicant’s loan proceeds). I spoke with another mortgage broker who said this is not true, the lender will collect from us and then pay broker. He says they will come [...]

How do I become a mortgage broker in CA?

I saw a posting online for a mortgage broker, don’t I have to be a loan officer first? (I am not DRE licensed yet) In California, there are two separate approaches to becoming a Mortgage Broker, each with its own rules and responsibilities. One is under the California Department of Corporations, www.corp.ca.gov, based on the [...]

I want to sue my Mortgage Broker. What are my chances of finding a lawyer that will represent me and winning?

My mortgage broker withheld information that my interest only amount was a teaser rate. After 3 months, went from 2400.00 month to 4100.00. Unreachable. Now in horrible situation, can’t refinance – no equity in this market. He also misrepresented our income and called it "stated". We did sign the papers but didn’t notice what he [...]

Can I move a construction loan from a mortgage broker to another lender?

I am building a house & it is 85% done. My mortgage broker is withholding money from me to finish my house. He avoids my calls & when I do get a hold of him, he tells me he has no money to give me. Can I go to another lender & take this loan [...]

If buying a house in diferent province-does mortgage broker need to be in that same province?

We’re in Alberta and thinking of buying a house in Ontario. Can we use a local mortgage broker or does it have to be in Ontario? Hi this is Grant Powell a Mortgage Broker is Vancouver BC just so you know currently i am doing deals all across Canada including Ontario so yes a broker [...]

Am I obligated to use the Mortgage Broker after a rate lock?

I locked in a rate with a mortgage broker yesterday. Am I obligated or did I commit to use that broker? I wished I had shopped around first and I’m wondering if its too late. Thanks! No, you are not obligated but if the rate lock expires and you try to re-lock, you are subject [...]