Honesty is the most important aspect of dealing with mortgage brokers. Unfortunately not all brokers are forth coming with certain information that would allow you to trust them and make an informed decision about the deal they recommend. Don’t get me wrong not all mortgage brokers are bad. Just don’t underestimate the influence that commission has on their recommendations. And,…
Tag: Brokers
Online Mortgage Quote Why You May Not Be Getting The Best Rate
While shopping online for online mortgage quote can be great in terms of saving time and convenience, it won’t necessarily get you the best deals available. What you save depends to a great extent on the way you negotiate with lenders for the online mortgage quote. Like with any negotiation, you get the upper hand when you are knowledgeable about…
Good Mortgage Broker Vs Bad Mortgage Broker
According to the NAMB (National Association of Mortgage Brokers), two out of three Americans work with a mortgage broker to purchase a home because of the broker’s expertise and wide selection of loan products and lenders. However, with so many so called “experts” out there, how does one separate the wheat from the chaff? How do you know if a…
Subprime Mortgage Loans 3 Questions To Ask Your Subprime Mortgage Broker
Subprime mortgage brokers offer a variety of mortgage loan packages from different lending companies. They can find financing for almost anyone, regardless of their credit score. Even though brokers offer a valuable service, you still need to ask questions to be sure you are getting the best deal. 1. What Is Your Fee? Before you begin working with a subprime…
How To Find Wholesale Mortgage Lenders
Some mortgage bankers and portfolio lenders are also wholesale lenders that deal with mortgage brokers, sometimes exclusively. Most mortgage lenders have both wholesale and retail departments. Mortgage brokers prefer to obtain wholesale rates and then mark up these rates by adding points, presenting the borrowers with quotes that are similar to what borrowers could obtain directly from a retail lender.…
Homes For Sell By Owner Fsbos And Buyer Brokers
You’re selling your home as a FSBO (for sale by owner) and you get annoyed when real estate brokers call you, right? That’s a reasonable response when you’re doing all the work to market your property to save thousands of dollars in broker commissions. However, when a “buyer broker” calls, you might want to listen. Why Listen To understand why…
Broker Forex
A forex broker is defined as an individual, or a firm, that acts as a mediator, matching buyers & sellers for a fee or for the commission. A forex broker is also regularly employed to maintain & monitor the 24-hour Forex market place. A forex broker is someone who engages in trading & investing online. In forex plenty of of…
The Basics Of Forex Broker Selection
Before engaging in Forex trading, you should carefully examine the environment. The risks and money can be very high and therefore should not be neglected. Not all investments are profitable; similarly, not all investors are suited to the Forex market. If you are uncertain, you can ask for the advice or help of a Forex broker. Numerous Forex brokers are…
Competition Between Online Brokers Reduces Commissions
There’s much to learn about the online brokerage industry. Unfortunately, many investors learn this the hard way. With so many options available, choosing the right broker is as crucial as making the right investment. For years, investors were accustomed to paying $9.95 or higher per trade based on their account equity or trade activity. However, those days have come to…
Insurance Brokers
Did you know there are publications that have been created to serve the needs of every agent and broker? Insurance is a huge industry and trying to keep on top of all the latest news and regulations is a job in and of itself. One such magazine, American Agent and Broker, has a wonderful website located at www.agentandbroker.com. Check out…