Will shop the market for you and provide professional counsel on your mortgage options. Their fee to you is set upfront, and if you get it in writing, it is guaranteed by me. Recommended for those who want the maximum assistance from a trustworthy source, available to all borrowers.
Upfront Mortgage Brokers (UMBs) Will shop the market for you and provide professional counsel on your mortgage options. Their fee to you is set upfront, and if you get it in writing, it is guaranteed by me. Recommended for those who want the maximum assistance from a trustworthy source, available to all borrowers.
Upfront Mortgage Lenders (UMLs) Allow you to shop mortgage prices effectively on-line, provided that the siteís on-line system prices all the features of your transaction. Recommended for those who want to price shop on-line for the best deal, but those with poor credit or atypical transactions are priced off-line.
Fixed Markup UML Provides the same features as other UMLs but also discloses its markup, which remains unchanged if the loan must be priced offline. The markup (comparable to the UMBís fee) is guaranteed by me. Recommended for those who want to select their mortgage on-line, while avoiding the risks of possible off-line pricing.
Tutorial On Selecting Mortgage Features: How to decide on the type of mortgage, down payment, rate/point combination and other features of a mortgage transaction.
Table of Contents: Information organized by topic, covers everything on the site, but it may take awhile to find what you are looking for.
Glossary of Mortgage Terms: Information organized alphabetically, therefore easy to use, but doesn't cover everything on the site.
Quick Tips on Major Hazards: A road map on where the mines are buried in this most difficult of all markets for consumers to navigate.
Tutorials on Selected Mortgage Topics: These are sharply focused treatments of specific topics, but topic coverage is incomplete.
Mortgage Mistakes to Avoid: A list of common mistakes, in each case linking to the article that explains it.
Leave Question/Comment: Here you can drop a note to the professor.
About the Professor: A short bio of the professor, just in case you are curious.
Mortgage Calculators: A menu of calculators and their uses.
Mortgage Spreadsheets: A menu of spreadsheets which you can download to the hard drive of your computer.
??:A short bio of the professor, just in case you are curious.
Selecting a Certified Loan Provider: How to select between the three types of certified loan providers, and how to deal with each type.
House Shoppers: Are in the early stages of house hunting and don't know yet how much they are going to spend.
House Purchasers: Have priced their house and need to find a mortgage.
House Owners: Have their house and mortgage, but have questions about refinancing, paying off early, or other issues.