Mortgage Broker

When it comes to picking your mortgage, a broker can be a huge help. But they don't come cheap, so it's important you get your money's worth. Sarah Crown explains how to get your hands on a good broker, and how to make the most of it when you d ...

By Penny Doherty

Mortgage brokers -- intermediaries who work with networks of lenders to help prospective home buyers get the best mortgage deal -- have been around for more than 30 years. But over the past decade they've gotten invo ...

Definition: Broker

A broker "buys" loans from a variety of mortgage lenders at a wholesale cost, and sells the loan to another mortgage banker, receiving a commission on the sale.

Definition: Banker

Here, getting a l ...

How to Find a Mortgage Broker for a Home Loan

If you want the best mortgage for you but don't know where to start, a mortgage broker can do the shopping for you.

Steps:

1. Contact state and local boards of Realtor ...

How to Find a Mortgage Broker for a Home Loan

If you want the best mortgage for you but don't know where to start, a mortgage broker can do the shopping for you.

Steps:

1. Contact state and local boards of Realtor ...

Mortgages are marketed (that is to say, offered to you) by several types of lenders. You can get a loan from mortgage brokers, mortgage bankers, banks, credit unions, and savings & loans. In most cases, the lender earns origination fees and ...

Many consumers assume that ”°mortgage companies”± are banks that lend their own money. In fact, a company that you deal with may be either a mortgage banker or a mortgage broker.

A mortgage banker is a direct lender; it lends you its ow ...

Protecting Consumers with Mortgage License Requirements

A famous quote in the real estate industry states? underneath All is The Land,?and the constantly changing ownership of this land requires financing. Mortgage Brokers are the exp ...

How to Become a Mortgage Broker or Loan Officer

Whether working a a mortgage broker or a loan officer, loan originators are the sales force of the mortgage lending industry.

A mortgage broker is an individual or company that c ...

Questions About Upfront Mortgage Brokers

Why do I need a web site?

A web site is the means by which you declare who you are and what you do. By placing the UMB commitment on your site, you are announcing to the public that ...