There are three types of mortgage consultants: • The representative of the local bank branch: They only offer loans, and have a number of other duties besides mortgage loans, are salaried, with a possibility of an annual bonus. Traditionally, it is the local bank branch representative who acts as the home loan consultant. He is [...]
Read More...If you have never owned a home before but you are interested in buying you may be wondering how you actually obtain home loans. When you want to buy a home someone will likely not come to your front door and ask you if they can provide you with the funding that you need to [...]
Read More...A recent report revealed that commissions were the single most important factor for brokers, when deciding which loans to recommend. And why wouldn’t they be? After all, mortgage brokers are just salespeople for various lenders. Like most salespeople, selling the deal that’s best for them, rather then the consumer, is the highest priority. This would [...]
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