Zillow Advice RSS: Question-Discussion-Guide,Pro-to-Pro, http://www.zillow.com/advice/United-States%253B%253B%253B%253B%253B%253B%253B%253B/pro-to-pro/question-discussion-guide/mortgage/?s=0 Zillow Advice search results | Zillow Real Estate Can you ask agent to lower commission? http://www.zillow.com/advice-thread/Can-you-ask-agent-to-lower-commission/20059/ <p>Cathy is right on with her comments.&nbsp; When the market was smoking hot, everybody and their mother decided to get their <a href="http://www.zillow.com">real estate</a> license, or get in the <a href="http://www.zillow.com/mortgage/">mortgage</a> business.&nbsp; The current downturn in many markets will help weed out the "bandwagon" folks and the true professionals will still be working hard in the business, representing their clients' interest and earning every dollar they are paid.&nbsp; And for those that are always ready to claim <a href="http://www.zillow.com/directory/real-estate-agents/">Realtors</a> are overpaid, don't forget about the listings that we take, spend money/time on marketing, showing, open houses, etc. and the house doesn't sell.&nbsp; The paycheck for that work is $0.&nbsp; Same with the buyer that looks for months and decides to stay in their apartment for another year.&nbsp; But that is the nature of the business and we take the bad with the good.&nbsp; It's one of the hardest ways to make a living that I know of.&nbsp; No, we're not typically doing manual labor but the stress level and emotional factor that we deal with on a daily basis is indeed "hard" work.</p><br \><br \>0 replies Sat, 15 Mar 2008 04:01:00 GMT http://www.zillow.com/advice-thread/Can-you-ask-agent-to-lower-commission/20059/ 2008-03-15T04:01:00Z closing cost and lender fees http://www.zillow.com/advice-thread/closing-cost-and-lender-fees/37034/ <p>Not always true.&nbsp; If you find a reputable lender, you should rarely see anything more than a few hundred different between the first <a href="http://www.zillow.com/mortgage-glossary/Good-Faith-Estimate-%28GFE%29/">good faith estimate</a> and closing statement, if even that much.&nbsp; A lot of times there are pieces of your contract that indicate if you would be responsible for a fee, or whether it would be the sellers expense.&nbsp; The whole point is that your third party fees are going to be the same with whatever lender you choose so you should be looking for the lender specific fees to compare the good faith estimates.&nbsp; If you have posted a <a href="http://www.zillow.com/mortgage/">loan</a> request on Zillow you might want to post the ID here so we can advise you better.&nbsp; There are plenty of great lenders over on the <a href="http://www.zillow.com/mortgage/">mortgage</a> board so if you have any questions I'm sure you'll get lots of good advice...</p><br \><br \>0 replies Tue, 05 Aug 2008 16:28:00 GMT http://www.zillow.com/advice-thread/closing-cost-and-lender-fees/37034/ 2008-08-05T16:28:00Z Zillow should monitor new Agents http://www.zillow.com/advice-thread/Zillow-should-monitor-new-Agents/327126/ Here you go:<br/>Code of conduct:<br/><a href="http://www.zillow.com/mortgage/help/CodeOfConduct.htm">http://www.zillow.com/mortgage/help/CodeOfConduct.htm</a><br/>Good Neighbor Policy:<br/><a href="http://www.zillow.com/howto/GoodNeighborPolicy.htm">http://www.zillow.com/howto/GoodNeighborPolicy.htm</a><br \><br \>0 replies Mon, 12 Apr 2010 17:13:00 GMT http://www.zillow.com/advice-thread/Zillow-should-monitor-new-Agents/327126/ 2010-04-12T17:13:00Z House + Office Space. Is this possible/legal? http://www.zillow.com/advice-thread/House-Office-Space-Is-this-possible-legal/37043/ <p>Don&rsquo;t forget the tax implications of your plan. Check with your CPA / tax attorney but your <a href="http://www.zillow.com/mortgage/">mortgage</a> tax deduction may be an issue to consider. Also don&rsquo;t forget about your eventual sale of the property. You may need to consider what implications your intended use will have on any capital gain.</p><br \><br \>0 replies Tue, 15 Jul 2008 18:12:00 GMT http://www.zillow.com/advice-thread/House-Office-Space-Is-this-possible-legal/37043/ 2008-07-15T18:12:00Z Whats their Angle? " Balloon" http://www.zillow.com/advice-thread/Whats-their-Angle-Balloon/222204/ Maybe they cannot qualify for a <a href="http://www.zillow.com/mortgage/">mortgage</a> right now so they want to owner to carry to give them time to clean up their credit so they can get a bank <a href="http://www.zillow.com/mortgage/">loan</a> 1-5 years from now. OR they may want to use the carrying time as a an 1-5 year option to give them time to bring another buyer in so they can sell for a small profit before the original agreement with the seller expires. I guess my feeling is that I would not recommend this to a seller due to the many risks involved if the deal goes south. If the buyer has only a small stake in the deal upfront, I see the risk to the seller as significant.<br \><br \>0 replies Fri, 10 Apr 2009 22:32:00 GMT http://www.zillow.com/advice-thread/Whats-their-Angle-Balloon/222204/ 2009-04-10T22:32:00Z What is monthly investment for Loan Officer leads? http://www.zillow.com/advice-thread/What-is-monthly-investment-for-Loan-Officer-leads/572466/ Here's a <a href="http://www.zillow.com/advertising/Mortgage.htm">link to Zillow mortgage advertising department.&nbsp;&nbsp;</a> <br/><br/><br \><br \>0 replies Sat, 17 Jan 2015 00:56:00 GMT http://www.zillow.com/advice-thread/What-is-monthly-investment-for-Loan-Officer-leads/572466/ 2015-01-17T00:56:00Z Becoming a mortgage broker in Cali? Advice please :) http://www.zillow.com/advice-thread/Becoming-a-mortgage-broker-in-Cali-Advice-please/336388/ Hi all!<br/>I am researching becoming a <a href="http://www.zillow.com/mortgage/">mortgage</a> broker.&nbsp; Does anyone have any advice to offer? What is the current state of the industry? Is it still a potentially&nbsp;lucrative carrer? How&nbsp;competitive is it? <br/>The california licensing requirements are quite confusing. I do currently hold a CA RE salesperson license. Is that helpful, or must&nbsp;I get my&nbsp;brokers license? <br/>Thank you so much in advance!<br/>Sally<br \><br \>2 replies Mon, 22 Mar 2010 19:02:00 GMT http://www.zillow.com/advice-thread/Becoming-a-mortgage-broker-in-Cali-Advice-please/336388/ 2010-03-22T19:02:00Z If your credit is about to be ruined , by unfriendly MORTGAGE , COMPANY and they threat foreclose. http://www.zillow.com/advice-thread/If-your-credit-is-about-to-be-ruined-by-unfriendly-MORTGAGE-COMPANY-and-they-threat-foreclose/299358/ <p>Before they kick us out ,<br/>can we get into another <a href="http://www.zillow.com/mortgage/">loan</a> from other <a href="http://www.zillow.com/directory/lenders/">mortgage company</a> ,who are fri<br/>endly and responsive and can easily reach them live and speak to a Rep.&nbsp;.without going through machines and waiting hours to reach them<br/><br/>Any comments or suggestions<br/>Thank you<br/>Jay<br/></p><br \><br \>6 replies Thu, 19 Nov 2009 00:17:00 GMT http://www.zillow.com/advice-thread/If-your-credit-is-about-to-be-ruined-by-unfriendly-MORTGAGE-COMPANY-and-they-threat-foreclose/299358/ 2009-11-19T00:17:00Z How can I submit a rating of a lender? http://www.zillow.com/advice-thread/How-can-I-submit-a-rating-of-a-lender/239189/ I&nbsp; found a <a href="http://www.zillow.com/directory/lenders/">lender</a> through a Zillow <a href="http://www.zillow.com/mortgage/">mortgage</a> quote request, and I have closed the <a href="http://www.zillow.com/mortgage/">loan</a>. I want to submit a rating for the lender, but I can't figure out how to do that. The quote seems to have expired. It is not listed in my quotes, and the quote ID t is being rejected as an "invalid quote id" when I try to search for it.<br \><br \>1 reply Tue, 26 May 2009 21:10:00 GMT http://www.zillow.com/advice-thread/How-can-I-submit-a-rating-of-a-lender/239189/ 2009-05-26T21:10:00Z buying point off the interest rate http://www.zillow.com/advice-thread/buying-point-off-the-interest-rate/41687/ <p>should be posted in <a href="http://www.zillow.com/mortgage/">mortgages</a>, but honestly you can search this one in the search box, it has been discussed many times.</p><br \><br \>0 replies Tue, 02 Sep 2008 00:36:00 GMT http://www.zillow.com/advice-thread/buying-point-off-the-interest-rate/41687/ 2008-09-02T00:36:00Z Why do agents here on Zillow think they know everything about everything? http://www.zillow.com/advice-thread/Why-do-agents-here-on-Zillow-think-they-know-everything-about-everything/364179/ * <strong>Answer the questions to the best of your knowledge</strong>.&nbsp; Yes, but some are more knowledge then the others.<br/>* <strong>Answer honestly based on your experience</strong>.&nbsp; Not so sure.<br/>* <strong>Be polite</strong>.&nbsp; Yes, all of the agents are.<br/>* <strong>Be respectful</strong>.&nbsp; Yes, all of the agents are.<br/>* <strong>Don't attack other people</strong>.&nbsp; Talk to the&nbsp;die hard bears or the lenders?<br/>* <strong>Lastly you don't know everything</strong>. &nbsp;Most of agents answer on the real estate matter only, some step on the mortgage section and they are getting beat from the lenders, some tried to be the real estate and economic analyst but they are getting beat from the die hard bears.<br/>* <strong>Real Estate markets are very localized. Everyone's experiences are different</strong>.&nbsp; But the die hard bears know everything.<br/>* <strong>Respect others opinions</strong>. &nbsp;Talk about me?<br \><br \>0 replies Sat, 28 Aug 2010 22:59:00 GMT http://www.zillow.com/advice-thread/Why-do-agents-here-on-Zillow-think-they-know-everything-about-everything/364179/ 2010-08-28T22:59:00Z How long can I lock in a mortgage rate? http://www.zillow.com/advice-thread/How-long-can-I-lock-in-a-mortgage-rate/253083/ I'm a <a href="http://www.zillow.com/learnmore/what-zillow-offers-buyers.htm">first time home buyer</a> and my realestate agent wants to do my <a href="http://www.zillow.com/mortgage/">loan</a>. He also told me he cannot lock in a rate and neither can other lenders.&nbsp; I'm trying to lock 5.0 or lower, purchasing in NY. I feel uneasy using my <a href="http://www.zillow.com/directory/real-estate-agents/">real estate agent</a> as my broker. Is this a bad idea and can I lock a rate?<br \><br \>2 replies Mon, 06 Jul 2009 00:42:00 GMT http://www.zillow.com/advice-thread/How-long-can-I-lock-in-a-mortgage-rate/253083/ 2009-07-06T00:42:00Z FHA LOANS http://www.zillow.com/advice-thread/FHA-LOANS/9290/ Probably because this is a <a href="http://www.zillow.com/directory/real-estate-agents/">REALTOR</a> blog and NOT a <a href="http://www.zillow.com/mortgage/">MORTGAGE</a> blog!!! You are talking to people who deal with mortgage people day in day out... You might want to consider finding another avenue to advertise.<br \><br \>0 replies Thu, 18 Oct 2007 20:02:00 GMT http://www.zillow.com/advice-thread/FHA-LOANS/9290/ 2007-10-18T20:02:00Z Looking for Freddie Mac backed mortgage in NY. http://www.zillow.com/advice-thread/Looking-for-Freddie-Mac-backed-mortgage-in-NY/336407/ affordable merit and A- minus &nbsp;mortgage products, qualify for both, need local info immediately please.&nbsp;<br \><br \>0 replies Mon, 22 Mar 2010 19:51:00 GMT http://www.zillow.com/advice-thread/Looking-for-Freddie-Mac-backed-mortgage-in-NY/336407/ 2010-03-22T19:51:00Z How do I find hard money lenders to back me in buying and selling foreclosed homes? http://www.zillow.com/advice-thread/How-do-I-find-hard-money-lenders-to-back-me-in-buying-and-selling-foreclosed-homes/287034/ <p class="MsoNormal">I am in the <?null xml:namespace prefix = st1 /?>Charlotte area and I have been trying to find hard money <a href="http://www.zillow.com/directory/lenders/">lenders</a> to back me in buying and selling foreclosed homes. I want to start bidding on homes that are auctioned off and various county courthouses in the central and western Carolinas. How dose someone find investors to back them in these kind of deals? I am not interested in banks and <a href="http://www.zillow.com/directory/lenders/">mortgage companies</a>. I need more flexibility than they can offer. All deals will be pre-approved with the <a href="http://www.zillow.com/directory/lenders/">lender</a> before placing bids. I will provide the lender with comparables, title history, leans, etc on each deal before placing bids and the lender can approve or disapprove each deal in advance. I will also take care of all work, listings, and closings of the properties.<br/><br/> If anyone can give me some advice, I would greatly appreciate it.</p><br \><br \>0 replies Sat, 10 Oct 2009 02:31:00 GMT http://www.zillow.com/advice-thread/How-do-I-find-hard-money-lenders-to-back-me-in-buying-and-selling-foreclosed-homes/287034/ 2009-10-10T02:31:00Z Can I lock a rate and what is the longest time i can be locked into a rate? http://www.zillow.com/advice-thread/Can-I-lock-a-rate-and-what-is-the-longest-time-i-can-be-locked-into-a-rate/253090/ The longer the rate lock, the worse the pricing.&nbsp; You need to work with a professional or professionals who are aware of the market and things that can create a change for both the better and/or worse.&nbsp; Working with a reputable Real Estate Professional is a good thing and you should expect nothing less than a Top <a href="http://www.zillow.com/mortgage/">Mortgage</a> Professional who actually understands the mortgage market and particularly how a Purchase <a href="http://www.zillow.com/mortgage/">Loan</a> works.&nbsp; There are many <a href="http://www.zillow.com/mortgage/">mortgage loan</a> officers that only do refinances so a purchase loan may be something outside of their expertise.&nbsp; <br/><br/>You have time on your side if you are not in a rush, but do be aware that in time, home prices will rebound and rates are sure to rise.&nbsp; Feel free to ask questions and expect answers in a timely fashion.&nbsp; If you are not getting the service you'd expect, run...don't walk and find someone else to work with.<br/><br/>Good Luck. <br/><br/>[content removed by moderator for being self-promotional]<br \><br \>0 replies Tue, 07 Jul 2009 20:52:00 GMT http://www.zillow.com/advice-thread/Can-I-lock-a-rate-and-what-is-the-longest-time-i-can-be-locked-into-a-rate/253090/ 2009-07-07T20:52:00Z A CMA is only as good as the realtor...or his/her intentions http://www.zillow.com/advice-thread/A-CMA-is-only-as-good-as-the-realtor-or-his-her-intentions/356474/ You can also use the resources of a mortgage broker that has no ties to the property and offers this free of charge. Certainly, hoping to have an opportunity of earning the seller's business on their next purchase.<br/><br/>I subscribe to Data Quick and provide this service. With knowing what was recently sold and for how much with new MLS listings you can make a fair assessment of value. .... Happy funding, Rudi<br \><br \>0 replies Wed, 07 Jul 2010 18:44:00 GMT http://www.zillow.com/advice-thread/A-CMA-is-only-as-good-as-the-realtor-or-his-her-intentions/356474/ 2010-07-07T18:44:00Z I WOULD LIKE TO KNOW IS MY CREDIT I WOULD LIKE TO SEE IF I BE ABLE TO GET A HOME http://www.zillow.com/advice-thread/I-WOULD-LIKE-TO-KNOW-IS-MY-CREDIT-I-WOULD-LIKE-TO-SEE-IF-I-BE-ABLE-TO-GET-A-HOME/532377/ Keep in mind that the reports at annualcreditreport.com do not include scores unless you pay for them and the scores are not necessarily those that a mortgage professional would pull (different scoring models are used).&nbsp;<br/><br/>My advice, use annualcreditreport.com periodically to verify that the facts on your credit report are accurate. Once you are ready to see if you qualify for a home, talk to a qualified mortgage professional and have them pull credit and analyze scores/trade-lines.&nbsp;<br/><br/>I hope that helps.&nbsp;<br \><br \>0 replies Fri, 14 Mar 2014 23:43:00 GMT http://www.zillow.com/advice-thread/I-WOULD-LIKE-TO-KNOW-IS-MY-CREDIT-I-WOULD-LIKE-TO-SEE-IF-I-BE-ABLE-TO-GET-A-HOME/532377/ 2014-03-14T23:43:00Z We need the fastest mortgage company/bank in town!! http://www.zillow.com/advice-thread/We-need-the-fastest-mortgage-company-bank-in-town/280870/ Our offer has been accepted and we're pre-approved by a bank and a <a href="http://www.zillow.com/mortgage/">mortgage</a> group, but we're trying to find someone who could close the <a href="http://www.zillow.com/mortgage/">loan</a> in LESS than 30 days, more like 2 weeks! <br/>Our last home closed in 2 weeks so we know it's possible, just have to find the right place. Any clues?<br \><br \>8 replies Mon, 21 Sep 2009 17:56:00 GMT http://www.zillow.com/advice-thread/We-need-the-fastest-mortgage-company-bank-in-town/280870/ 2009-09-21T17:56:00Z Is there a lender who needs business? http://www.zillow.com/advice-thread/Is-there-a-lender-who-needs-business/387338/ Christine there are lots of great lenders out there. I would interview some local Mortgage agents from your area.<br \><br \>0 replies Thu, 24 Feb 2011 01:14:00 GMT http://www.zillow.com/advice-thread/Is-there-a-lender-who-needs-business/387338/ 2011-02-24T01:14:00Z