How Not To Be Ripped Off By Mortgage Brokers

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How Not To Be Ripped Off By Mortgage Brokers
(presented by www.refinance-refinance.net - mortgage lenders)

By Mark Harrison

One of the things that bothers me about the mortgage industry is the number of unscrupulous brokers that operate in this market.

Talk about giving the industry a bad name!

I worked for a mortgage lender until quite recently and I used to be shocked at the fees that brokers charged their clients.
I mean lets put this whole “mortgage arranging” thing into perspective.

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Assume I am meeting a client today. The guy walks into my office and sits down and has a chat with me about getting a mortgage.

It appears that he is not a “clean” client as he is suffering from a few credit problems. Well, I stroke my chin and let out a couple of sighs but wait, I CAN HELP HIM.

I tell the client that it is going to be difficult but I think I can help him. There may be a few “fees” but hey, at least he is going to get a mortgage and that is all he cares about isn’t it?

So, he needs to borrow

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This entry was posted on Wednesday, May 17th, 2006 at 5:48 am and is filed under Refinance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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