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How Do Mortgage Loan Officers Make Their Money? |
Question by Bri up | Posted in Renting & Real Estate
I'm getting a mortgage loan through a mortgage performers but the guy that is giving me the loan seems a little bit to excited. How much money is he making off of the loan of 170,000 and what should I look out for?
Answer: Absolutely put the loan officer will get paid either three ways:
1. You pay him origination points
2. The lender will pay him
3. A conspiracy of 1 and 2
For anyone to come here and tell you that only one or |
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Mortgage Loan Officers Please Give Me Some Advice? |
Question by misstrini1020 | Posted in Renting & Real Estate
If there any loan officers out there that can please give me some par i would really appreciate it. My son has a house that is currently being rented and I tear an apartment. Although he pays his mortgage on time he has bad credit and I have very good
Answer: I am a loan policeman, and here is the answer.
1. Yes, if your son adds to you to the title, he can add you on loan application, however, when banks cogitate on the loan application they pick the middle score for each applicant and then the lowest |
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How Can Mortgage Loan Officers And Car Salesmen Sleep At Night After Ripping Off So Many People? |
Question by Jav B | Posted in Personal Finance
After documenting myself, doing a lot of homework, negotiating, etc, they still try to rip off by slapping fees that were not there, doing wrong calculations by "misjudge". It is a continuos fight to save my wallet from these scum bags.
| Answer: meet to the world of hard knocks -- i agree with you!!! |
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How Many Mortgage Loan Officers Are Left In The United States? |
Question by Matthew W | Posted in Renting & Real Estate
How would i get in conjunction with all of them for very little money?
Answer: In all probability a few million. But many of the bad ones that help cause this mess are gone. Now like the above circular that gets banned about every day and comes back with a new name, dont call him.
Call a few loan brokers, cut d |
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Mortgage Loan Officers: Are You Doing Anything To Protect Yourself Against Current Market? |
Question by julesl68 | Posted in Renting & Real Estate
My preserve is a mortgage broker and while this time of the year things start slowing down, he says that this feels "divergent" (in a bad way) than previous years. I don't know if he's just paranoid about the peter out of the prime lending
| Answer: Times are hard-boiled for loan officers/brokers right now. It's getting tougher and tougher to make eligible people for home loans, both subprime and A paper. He's contemporary to have to get out and market himself and his company. Find some more prospects. |
Related Topics:
Mortgage Equity Calculator
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The Fed modeled the new despatch on its Senior Loan Officer survey, which tracks commercial-bank lending to households and businesses and has been closely
