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Mortgage Professor about broker comission: 
Questions About Mortgage Brokers and Lenders
June 24, 2002 I get tons of mail from borrowers who are confused about the differences between lenders and mortgage brokers, and how these differences matter. "What is a mortgage broker?" A mortgage broker is a loan provider who offers the loan products of different ... more...

HUD and Yield Spread Premiums
October 3, 2001 The recent decision of the US 11th Circuit Court of Appeals in the case of Culpepper vs Irwin has suddenly swung the spotlight on HUD policy regarding yield spread premiums (YSPs) retained by mortgage brokers.  To this date, HUD has been impotent in dealing ... more...

broker comission related definitions

discount Point
Discount Point Fees paid to lenders. 1 point = 1% of the loan amount. On a $100,000 loan 1 point is $1000. Points may be further classified into origination points or discount points. In laymen terms, a point is a fee you pay to a lender or broker. Each point is one percent of ... more...

Back End Pionts vs Front End Points
Back End Points vs. Front End Points A point is a type of mortgage slang for a percentage point. The technical term for point is loan origination fee. In laymen terms, a point is a fee you pay to a lender or broker ... more...

More about broker comission

Get Free broker comission Quotes and Estimates

Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

How Much Margin You Need In Forex Trading?
Trading Forex has many advantages which are greatly appreciated by the Forex traders that have already mastered the markets and have improved their incomes and style of life. One of these great advantages of the Forex markets is the low margins needed in order to be able to place a trade. Something ... more...

Key Terms to Know When Buying a Home
Turn your dream of home ownership or moving up into a reality, but do it right. The real estate market is a difficult one, and should not be entered casually. There are so many legal/real estate terms, contracts, listing agreements, disclosure statements, title documents, etc. Getting as much good ... more...

Mortgage Lenders for Dummies
If you are a homeowner applying for a new mortgage, refinancing your existing mortgage, or looking for a home equity loan, you may feel overwhelmed with the number of choices you have. There are many different types of lenders; a lender exists for nearly any circumstance. Choosing the wrong ... more...

Choosing a Mortgage Lender
Just as there are many types of mortgages and mortgage deals to choose from, there are also many sources where you can go to get a mortgage. Your key choices are to use a mortgage broker, a more general financial adviser, or shop around yourself and go direct to the mortgage lender. For many people ... more...

A Guide to Finding a Debt Consolidation Lender!
Having so much debt that you dont know when you will ever be debt-free can be extremely frustrating and stressful. Unfortunately as the opportunities to get into debt are increasing in the UK, so is the amount of people who are in uncontrollable debt. If you are struggling with your current ... more...

Factors That Affect Your Mortgage Rate
There are going to be many factors which affect your mortgage rate, some of which are under your control and others which you can do nothing about. You should be aware of all of the factors which might affect your mortgage rate and take them into consideration before applying for a mortgage loan. ... more...

Boat Loans Steering Way Towards a Bon Voyage
In the full moon night, on a lovely morning you would like to take your craft, your boat where the cool wind blows. How it steers slowly along the fine film of transparent blue waters. It is very easily your reverie for you dont own a boat yet. With boat loans, you can definitely own one. If boat ... more...

The Fuel That Drives The Ultimate Lifestyle
In a recent article (What is The Ultimate Lifestyle), I talked about the 8 core components that define "The Ultimate Lifestyle."The first component was income streams, and the reason it was listed as #1 is because if you want to live the ultimate lifestyle (as you define it), you must:- Have ... more...

11 Different Ways to Participate in The New Millennium Real State Boom
Many parts of the country are going through a real estate boom. In recent reports real estate is showing double digit growth in many parts of the country. In still many other real estate growth is outpacing inflation.1 - Real Estate Agent Real Estate agents are responsible for the vast majority ... more...

What Exactly is a Mortgage Broker and How Can He/She Help You Save Thousands on Your Mortgage?
Have you ever heard of a mortgage broker before? If you havent, then you definitely need to give yourself more options whether you are applying for a new home loan or are refinancing your current loan, and learn what they are all about. Mortgage brokers can help you save thousands over the life of ... more...

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