Posted on: 23rd Mar, 2012 08:13 am
Every day we are in this forum for discuss about mortgage loan and it's idea relevant to mortgage loan and much more. But do you know about the mortgage broker? I would like to discuss about mortgage broker in this forum discussion.
Mortgage broker doesn't loan money. It collects an origination fee and yield spread premium from the lender as compensation for its services. The mortgage funds are then lent in the name of the mortgage lender. An intermediary who brings mortgage borrowers and mortgage lenders together, but does not use its own funds to originate mortgages. It is not to be confused with a mortgage banker, which closes and funds a mortgage with its own funds. The broker might also negotiate with the lender to find and try the best financing deal possible for the borrower. They frequently facilitate transactions for mortgage bankers.
Now do you have more information about mortgage broker then you can discuss it here.
Mortgage broker doesn't loan money. It collects an origination fee and yield spread premium from the lender as compensation for its services. The mortgage funds are then lent in the name of the mortgage lender. An intermediary who brings mortgage borrowers and mortgage lenders together, but does not use its own funds to originate mortgages. It is not to be confused with a mortgage banker, which closes and funds a mortgage with its own funds. The broker might also negotiate with the lender to find and try the best financing deal possible for the borrower. They frequently facilitate transactions for mortgage bankers.
Now do you have more information about mortgage broker then you can discuss it here.
Hi pratikjajalstp,
You can even check out this video in order to know why you should use a mortgage broker: http://www.mortgagefit.com/videos/about52601.html .
Thanks
You can even check out this video in order to know why you should use a mortgage broker: http://www.mortgagefit.com/videos/about52601.html .
Thanks
Hey bro I have seen that video. I am helpful to you that you have provided me an marvelous video.
Thank for the advice.. :)
Thank for the advice.. :)