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Why Select an Upfront Mortgage Broker?
July 13, 2000 One of the reasons that conventional mortgage brokers conceal their fee as long as possible is a concern that consumers don't fully appreciate the value the brokers provide. Because consumers dealing with UMBs agree on a ... more... How Can I Avoid Mortgage Overcharges? April 19, 2000 "I have been advised by one friend to get my loan from a mortgage broker because brokers shop a lot of lender for the best deals, but another friend says it is too risky, that a lot of borrowers are overcharged ... more... |
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best mortgage program related definitions |
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Mortgage Broker
Mortgage Broker An individual in the business of assisting in arranging funding or negotiating contracts for a client buy who does not loan the money himself. Brokers usually charge a fee or receive a commission for their ... more... Second Mortgage, Home Equity Loan Second Mortgage, Home Equity Loan A secured loan (mortgage) that is subordinate to another loan against the same property. More specifically, the second loan in sequence. Generally, second mortgage hass a higher interest rate and with shorter terms than a ... more... |
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