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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...

How Can I Identify Ethical Mtg Brokers?
July 10, 2000 "In one of your columns you said that you were working on a self-enforcing code of ethical conduct for mortgage brokers that would allow borrowers to distinguish between them and the rogues.  Have you made any progress?? ... more...

wholesale loan 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...

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Get Free wholesale loan 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...

5 Characteristics of a Dynamic Loan Processor
Not everyone is cut out to be a mortgage processor. Find out if you or a team member has what it takes to be a dynamic processor.A dynamic loan processor1. Is an Excellent Communicator A dynamic processor has great communication skills. He/she is one who clearly understands how critical the ... more...

Locating a Bad Credit Mortgage
If you are looking to purchase a home or refinance the one you are currently living in, but believe this may not be a possibility for you because you have bad credit, think again.Just because you have bad credit does not mean you will not be able to receive a mortgage. In fact there are many ... more...

What Every Real Estate Investor Should Know About Investment Property Loans
Savvy real estate investors know that there is an art to getting an investment property loan. Educating yourself on the process will eliminate much of the headache and hassles that often plague real estate investors.If you go into it expecting the same ease as financing a primary residence, you may ... more...

Debt Elimination Tips
When setting out to eliminating your debts, there are a few tips to follow that are imperative for your success. Stop SpendingPut the cards away - cut them up if you have to and stop spending The only way youre going to eliminate debt is by not incurring new debt. Of course, your life does ... more...

Bankers in Denial
Denial is a ubiquitous psychological defense mechanism. It involves the repression of bad news, unpleasant information, and anxiety-inducing experiences. Judging by the German press, the country is in a state of denial regarding the waning health of its economy and the dwindling fortunes of its ... more...

How to Explain Derogatory Credit
As part of the loan process, your borrower may be required to provide an explanation for derogatory credit such as late payments, bankruptcy, or judgments. This is a very important step and may make the difference in the loan program and interest rate that your borrower is approved for. While some ... more...

For Sale By Owner Marketing Generates Mortgage Leads
One of the best ways to generate mortgage leads is through working with home sellers who are going it alone as For Sale By Owner or FSBO. The key to FSBO marketing is creating partnerships with home sellers. Since almost every buyer needs a mortgage, you provide a necessary service that ... more...

Tips For First Home Buyers On Getting Home Loans
Buying your first home will likely be the biggest and most important purchase you will ever make. It can be a very stressful and may even leave you sleepless for nights on end wondering whether you are making the right decision especially where choosing the right home loan is concerned.With all ... more...

Things To Do When Considering a Home Loan
Making the decision to become a homeowner is one of life's biggest decisions. Planning and preparation is the key to achieving the goal within the desired time frame. Being an active participant in the home loan process will make it easier for your dream to become a reality. Here are a few tips:1. ... more...

Hearing That Entrepreneurial Voice?
Women business owners are our only clients, so naturally we celebrate and support female entrepreneurship. Operating in this market gives us the good fortune to learn about some of the deeper themes in the lives of women business owners. It gives us insights into what really matters to women, and ... more...

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