Mortgage : Home Loans : Refinance : Home Equity Loans

List brokers have nothing to do with mortgage loans. They simply put up a flashy website and drive customers to it while collecting their names and contact information. This information is then sold to as many mortgage lenders as possible, enabling the list broker to collect a fee. Retail lenders and mortgage brokers are more familiar; these are the same types of lender that operate offline, but have established an online presence. The advantage of using an online lender is the convenience, speed of processing, non-commission driven customer support, and lower interest rates. Online mortgage lenders like to tell you that they have lower overhead than traditional mortgage lenders and the savings are passed on to you. This is slick marketing at its finest; their overhead has nothing to do with the interest rate you qualify for.

How much can you save by refinancing your mortgage with one of the big names in online mortgage loans? It depends on how much time you have invested comparison shopping for the most competitive mortgage offer. If you read the fine print on their websites you will find they are simply acting as brokers in many of the sates they operate. If your home is in one of these States you will be charged a

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For additional Mortgage Refinancing information
and resources visit Mortgage Refinancing.
(http://www.refinance-refinance.net)
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This entry was posted on Saturday, October 28th, 2006 at 6:26 am and is filed under Refinance. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.