• How to Avoid Mortgage Fraud

    How to Avoid Mortgage Fraud

    The different types of mortgage fraud are intensifying at an an alarming rate. Con artists oftentimes target homeowners struggling to meet their mortgage loan responsibilities or are anxious to sell their homes. There is help available when facing financial troubles or foreclosure, but make sure you are dealing with a honorable organization before getting involved. To protect your home and equity and avoid falling into fraudulent schemes, realize and understand the signals of mortgage fraud. Know how to report fraud to federal and state authorities so they can help prevent scam artists from preying on innocent future and current homeowners. Begin by studying the motivations behind mortgage scams. They are…

  • Finding The Best Mortgage Lender

    Finding The Best Mortgage Lender

    Considering the economic crisis that is experienced by most nations today, it is a wise idea to weigh things first before making a decision regarding financial matters. For instance, if you are planning to procure a mortgage loan, it is advisable to find first the best mortgage lender. Below are some things to consider in finding the best lender: Make an online research about the best mortgage lenders. When you browse a website for mortgage loans, usually you will be asked some questions like the kind of mortgage you want, the property type and the home value. After you answer those questions, you will then be matched with the lenders…

  • How To Become A Loan Officer

    How To Become A Loan Officer

    The job entails originating loans, marketing the company and most importantly yourself. You’ll do a ton of training and cold calling on real estate offices trying to convince the realtors why they should go with you and not one of the thousands of other loan officers asking for business. The other parts of your day are spent cold calling former clients to refinance, checking rates, keeping in contact with current clients and monitoring the progress of current loans. Make sure you really want to become a loan officer as it certainly is not for everyone. Q: How can you get started? Many will tell you to get a college degree,…

  • Loan Officer Scams and Tricks

    Loan Officer Scams and Tricks

    There are many problems with the mortgage industry, most are caused because loan officers know far more than the average borrower. Knowledge is your best defense against these mortgage scams and tricks. Bait & Switch This game is played by many industries including the mortgage industry. In the auto industry, they advertise a sports car in the paper but when you show up it suddenly turns into a Yugo. Well lenders play the same game just a little differently; they advertise much lower rates than everyone else. It becomes a simple game of numbers to them. They get 1000 people to call, 200 people to come into the office and…

  • Bad Credit: Get The Home You Want

    Bad Credit: Get The Home You Want

    Are you a person who’s got bad credit but needs a mortgage loan? If so, then you should know that you can get mortgages for bad credit. Of course, you are limited to the kinds you can get. Before you go looking for mortgages for bad credit, it would be in your best interest to boost your credit score so that you’re not deemed to have bad credit any longer. The Best Customer For A Bad Credit Lender There are some lenders, however, who’d rather not work with credit problem borrowers (subprime lenders), and opt for those borrowers who have average credit scores. When you’re trying to find mortgages for…