Mortgage Broker

Am I SAFER today as a result of the SAFE Act of 2008?

The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (called the SAFE Mortgage Licensing Act of 2008) is being made the rule of the […]

Back to the Fundamentals: How much money do I need to put down?

Back to the Fundamentals: How much money do I need to put down?

If there is one component that predicts more than any other whether a home owner will continue making payments when times get tough, it’s this one. […]

How to Find a Great Mortgage Rate

How to Find a Great Mortgage Rate

There are a number of ways to find the best mortgage rates, but all require a little bit of work on your behalf. The key to […]

Welcome Our Newest Contributor, Eleanor Thorne

Welcome Our Newest Contributor, Eleanor Thorne

Please join me in welcoming Eleanor Thorne of North Carolina to our roster of awesome writers. Eleanor is a veteran mortgage expert with over 25 years […]

Who Pays VA Non-Allowable Closing Costs?

Who Pays VA Non-Allowable Closing Costs?

VA mortgages are a great way for those who served in the United States Armed Forces to purchase a home.  Many Southern California sellers have rejected […]

Plain Vanilla Protection vs. Consumer Education

Plain Vanilla Protection vs. Consumer Education

President Barack Obama recently proposed that all lenders offer “plain vanilla” mortgages so consumers could understand the loan terms and the risks associated with the mortgages.  […]

The Mortgage Broker Trade Off

The Mortgage Broker Trade Off

These days, shopping for a loan involves more than your average rate comparison.  The lowest interest rate doesn’t necessarily yield the best mortgage to fit your […]

But My Rate Was Locked, Wasn't It?

But My Rate Was Locked, Wasn't It?

This morning we got a question over on the “Ask Zillow” side that reminded me again that the jargon in the lender world is imperfectly understood […]

How The New Government Regulations Impact Your Closing Dates

How The New Government Regulations Impact Your Closing Dates

On July 30, 2009 the new Housing and Economic Recovery Act (HERA) regulations will go into effect. They require all mortgage lenders and brokers to help […]

National Registry of Home Lenders

National Registry of Home Lenders

Last year, the Secure and Fair Enforcement (S.A.F.E.) Mortgage Licensing Act of 2008 was signed into law as part of the Housing and Economic Recovery Act. […]

The Challenge…..

The Challenge…..

I for the life of me cannot understand why the Government or Consumers care about YSP (yield spread premium) or broker compensation! The Challenge—-Can anyone name […]

Smart Mortgage Shopper, Part 1

Smart Mortgage Shopper, Part 1

Yesterday I had a client in my office (I’ll call her Marie) to work on a purchase loan.  She was referred by her Realtor to a […]

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Refinance Closing Costs Don’t Matter

Yeah, thought that might get your attention.  Let me clarify the headline. Of course it matters how much you pay for something, but it doesn’t matter […]

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What is the difference between a loan officer, mortgage broker, lender, correspondent lender, mortgage banker, and portfolio lender?

What are the differences between these mortgage professionals and why is it important?  We will try to shed some light on their roles and how they […]

Choosing The Right Lender

Choosing The Right Lender

Choosing the right lender for you can sometimes be overwhelming.  How do you find the right one? It can be overwhelming browsing the yellow pages, online […]