Will the banks AND the broker both bring up a credit report? If you were dealing with several banks offers over a period of 3 months, wouldn’t that be extra inquiries on your report that could hurt you score? Inquiries are moot. 80% of your score is determined by how you pay, how much you [...]

I’m a very hard working, honest mortgage broker for NC, MD and PA. But, there is a natural stigma against brokers. I understand there is always a "bad seed", which is the case in ANY field. Most times, a broker is the best option for a refinance, since we can shop MANY lenders guidelines to [...]

I went through a very trying divorce many years back, 10 years, and had a home go to foreclosure. Lately the past five years business has been great and I currently make about 120 thousand a year income, hardly no bills, great debt to income ratio, and I have done a little to repair my [...]

What are some "cons" as to why mortgage brokers and lenders aren’t hiring their loan processors from home? Especially in the new age of "paperless" offices? Because of the privacy issues with borrowers credit information, for one – the Lender has control over what is in its own offices. Also, as for the brokers, they’re [...]

Can mortgage brokers give us a lower rate on 30 yr fixed(zero points) today at 4.87% by lowering there commission from the bank/lender where they are locking the rate ? Are you talking 4.875% on a 30 year conventional loan? To give you that rate with no points, no origination, today would cost the broker [...]