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Mortgage Professor about loan officer commission: 
What Is a Mortgage "Overage?"
June 23, 2003 "I eavesdropped on my loan officer and heard him say that he was on his way to a ?nice overage?. What is an overage?" It is money extracted from your pocket by the loan officer. In the high-stakes poker game that is the home mortgage market, you ... more...

What Is a Sub-Prime Mortgage Lender?
22 March 2004 "I hear terrible things about sub-prime lenders. What are they, and how can I avoid them?" A sub-prime lender is one who lends to borrowers who do not qualify for loans from mainstream lenders. Some are independent, but increasingly they are affiliates ... more...

loan officer commission related definitions

Bridge Loan
Bridge Loan A bridge loan is a short-term loan, usually a second mortgage, run for 6 month but may be taken taken out for a period of 2 weeks to 3 years. The borrower's current home (which is usually "for sale") is ... more...

VA Loan
VA Loan A VA loan is a mortgage loan in the United States guaranteed by the US Veterans Administration. The loan may be issued by qualified lenders. Available only to veterans possessing a Certificate of Eligibility. Purchasing a home with a VA Loan is not as difficult as ... more...

More about loan officer commission

Get Free loan officer commission 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...

Tips for First Time Home Buyers
When looking at tips for first time home buyers, you've come to the right place. Many people are looking all over the Internet for reliable information. There's over 761,940 websites (as of March 05) with information or online forms urging you to fill them out for more details.While I certainly ... more...

Even With Credit Problems... You Can Get A Loan Within 30 Days, If You're Willing To Work At It
A wise friend once told me that *extraordinary people* are just *ordinary people* who do extraordinary things.It's the same way with loans. People that get loans after being turned down are not extraordinary people, they are ordinary people who do extraordinary things to get their loan.Here's an ... more...

Loan Sharks
In the world today, it is not at all unusual to find yourself short of the cash you need to pay your bills, feed your family and maintain a reasonable lifestyle. For every working stiff who runs out of money before they run out of week, there are unfortunately a number of shady characters willing ... more...

Payday loan: A Complete overview
From different surveys, it is seen that the number of customers taking payday loan as well as payday lending companies are increasing frequently. If you are a person taking the payday loan for the first time or want to gather information regarding payday loan, then this article will be of great ... more...

What is a Personal Secured Loan?
A personal secured loan is the generic term for a loan. In simple terms a personal secured loan gives security to the lender on the loan other than a simple promise to repay the loan.This type of loan is essentially an amount that is secured against property put up by you as collateral. Since this ... more...

Loan Officer Websites: Your Marketing Hub to Magnetize Realtors
Too many loan officer websites look like congested intersections, information running every which way. Fancy gadgets, like calculators, online application submission forms and loan programs filled with jargon that customers dont understand.You cant tell the difference from one loan officer web site ... more...

The Best Tactics for Getting a Quick Homeowner Loan
Trying to find a quick homeowner loan can seem difficult at times, especially considering the days or even weeks that it can take for some banks and other lenders to approve or deny a loan.The worst part is that if you're denied your loan, then you have to start over at another bank and go through ... more...

Bad Credit Auto Loan - Your Best Options?
A bad credit auto loan isn't impossible to find-- it just takes a little work! If your credit is a little dented and dinged, it doesn't have to shut you out of an auto loan. There are those companies that will overlook bad credit. Auto loan options for you if you have less than perfect credit ... more...

A Guide to Finding a Low Interest Loan UK
Finding the low interest loan UK that's best for your specific loan needs isn't always easy with so many lenders to choose from, you might feel a bit lost in the shuffle.Getting a good rate for a low interest loan UK doesn't have to be difficult, though; sometimes all that it takes is the ... more...

Mortgage-Refinance Treachery: Avoid Mortgage Bankers and Brokers Biggest Trick -- The Sales Pitch
What the average homeowner or home buyer fails to realize is that bankers, loan officers, mortgage brokers, or whatever your lenders call themselves, are salesmen. Certainly, if you purchased your home from a realtor and used her lender, you most likely got a feeling of trust in that person, ... more...

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