Why more borrowers are turning to a mortgage broker

When looking to buy a house or any property, people think it’s a smart move to save on the cost of hiring a mortgage broker. It’s not impossible to get a mortgage loan by yourself, but the process will be cumbersome and challenging. You can attempt to get a mortgage...

Why does a mortgage broker get paid a trail commission

Brokers play a significant role in the mortgage process; they’re the link between borrowers and mortgage lenders. Mortgage brokers ensure borrowers and lenders enjoy a successful transaction and a successful mortgage. Hence the role they play has to be compensated one...

Should You Switch Mortgage Lenders Before Closing

If you don’t like the relationship with your lender, you have the right to switch your lender before you close on the loan. However, when you switch, some consequences come with it which include delayed closing, higher costs, and another credit check. Never settle for...

How To Recognize Predatory Mortgage Lenders

Predatory lending means imposing unfair loan terms on borrowers. In most cases, borrowers are expected to pay high fees and interest rates thereby reducing their credit score and stripping them of borrower equity, all to the lender’s benefit. Predatory lenders employ...

How Do Mortgage Brokers Add Value For Doctors

The mortgage industry is a complex one and is usually hard for people without prior knowledge and experience to understand what certain offers mean. There’s a wide range of mortgage products and providers which is why borrowers need to work with the best mortgage...