How can a mortgage broker process his own mortgage application?
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orren
Apprentice
Joined: 05 Mar 2008
Posts: 2
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 Posted: 08/21/08 - 07:11 Post subject: |
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| People tend to become indebted over their heads because they lack financial preparation and planning. In other cases, however, they are tricked into bad deals by fraudulent lenders. In some of these cases, refinancing of a mortgage may be the only plausible solution. Now, it may sound strange that mortgage broker processes his own mortgage, but he can indeed do it, because it still does not depend solely on him, so if there is any fraudulent action, it will be discovered. |
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dicky
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Joined: 24 Jun 2006
Posts: 9
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| Posted: 09/05/08 - 02:14 Post subject: |
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| The mortgage system works as any loan. You need to have enough money to make a deposit, and good enough salary to follow up with the payments. With a good credit rating, and a good history, you should get good deal because of your credibility. The same goes for mortgage brokers. Their rating also has to be checked and then the mere processing of a home is not as important. I hope you find the info helpful. |
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emlyn
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Joined: 06 Mar 2006
Posts: 9
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| Posted: 09/19/08 - 21:16 Post subject: |
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| The mortgage system works as any loan. You need to have enough money to make a deposit, and good enough salary to follow up with the payments. With a good credit rating, and a good history, you should get good deal because of your credibility. Generally, mortgage brokers get better deals if they have better credit ratings, just like any of us. Them processing their own mortgage means that they can be sure no one suggested a lousier deal because of personal gain (commission). For more info, go to http://www.jp-financial.co.uk. |
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