Mortgage Broker Refinancing - There is No Such Thing as a Good Mortgage Broker

Home Loans

Mortgage Broker Refinancing - There is No Such Thing as a Good Mortgage Broker
(presented by www.refinance-refinance.net - mortgage lenders)

By Louie Latour

Mortgage brokers are scoundrels. They make the majority of their money by lying to you and marking up your mortgage interest rate. Despite this shortcoming, mortgage brokers can be an excellent resource for mortgage refinancing if you understand how they make their money. Here are several tips to help you outsmart your mortgage broker and avoid overpaying for your next mortgage loan.

(Article continues below)

HOME LOANS ADVERTISEMENT

Mortgage Brokers are simply retail vendors for wholesale mortgage companies. Your Mortgage Broker is compensated by the origination fees you pay for the new loan. Origination fees run around 1-1.5% of your loan amount and are more than ample compensation for your Mortgage Broker

===========================================
For additional Mortgage Refinancing information
and resources visit Mortgage Refinancing.
(http://www.refinance-refinance.net)
===========================================

This entry was posted on Saturday, December 2nd, 2006 at 3:54 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.

Comments are closed.