Monthly Archives: September 2010

Primary Mortgage Lenders – Correspondent Lender, Wholesale Lender And A Mortgage Broker

Eshwarya Patel asked: A bank or a mortgage company, which offers home loans can be referred to as a ‘mortgage lender’. There are eight different categories of primary mortgage lenders.These are correspondent lenders, mortgage brokers, wholesale lenders, direct lenders, portfolio … Continue reading

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Is the current mortage crisis a positive for someone looking to refinance?

Snowtime asked: It seems that if you have good credit, the current crisis would help because lenders need a stable of good clients. I am off base here? The fed keeps lowering rates – shouldn’t that trickle down and reduce … Continue reading

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What happens when a bank siezes a hotel due to mortage payment in arrears?

rachel_ksr asked: Does the bank try to run the property? Or, will they just lock the doors? It is an independently owned hotelDerrick

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Bankers Killing Off Their Mortgage Competition

Rob K. Blake asked: Big banks are determined to kill of their mortgage competition by deceiving consumers into believing it was the brokers who cause the housing crisis. The bankers are using the media to pump story after story with … Continue reading

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What is a comfortable rate to spend on your mortage?

murf asked: We are currently paying around 22% of our monthly gross income and live rather comfortable. We are considering buying a new home and I want to know how much more I can afford without getting our finances to … Continue reading

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