Reasons to Work with a Mortgage Banker?

1 Answer

Answer :

Due to the high rate of mortgage defaults and declining homeprices, many banks have tightened their mortgage lending practiceand have made it quite difficult to obtain a mortgage. Those whoare looking for a mortgage, and are having a difficult timesecuring a home loan, should consider working with a mortgagebanker to get their mortgage. Working with a mortgage banker hasmany advantages compared to getting a mortgage through atraditional lender.The first reason to work with a mortgage banker when getting amortgage loan is that a mortgage banker can often provide aborrower with lower interest rates and fees than traditional bankscan offer. Mortgage bankers often work for institutions that onlyoffer mortgages to their customers, as opposed to traditional banksthat also provide deposit account

Related questions

Description : Do you believe the majority of people who work at a certain job (police officer, insurance broker, banker for example) are corrupt?

Last Answer : I’ll put it out there and say that I believe that a majority of executives with large banking firms are corrupt and on the take from somewhere.

Description : What's the difference between a dead banker and a dead skunk lying in the road?

Last Answer : answer:They both stink? XD The skunk was hit by accident, but the banker was purposely hit? XD

Description : Who is the banker on the hit C4 show " Deal or No Deal " ?

Last Answer : In New Zealand?!? I dunno. But for the U.S., it looks like imdb provides at least a partial listing of past bankers.

Description : How does the banker calculate his offers in the tv show Deal or No Deal?

Last Answer : Yeah I’d really like to understand this too. You’re right though, its got to be some sort of statistical function of the amount player has already acquired, the amount remaining and the number of cases that remain.

Description : who is the banker on deal or no deal?

Last Answer : howey mandel’s momma

Description : Which bank is the Banker of the Banks? -General Knowledge

Last Answer : The answer is 'RBI'

Description : Which bank is the Banker of the Banks? -General Knowledge

Last Answer : answer:

Description : Which bank is the Banker of the Banks? -General Knowledge

Last Answer : answer:

Description : How spreadsheet is helpful to a banker?

Last Answer : Spreadsheets can use formulae to calculate large number, orinterest rates much quicker and more accurately than humanscan.

Description : How spreadsheet is helpful to a banker?

Last Answer : Spreadsheets can use formulae to calculate large number, orinterest rates much quicker and more accurately than humanscan.

Description : C) Doha Bank Explanation: A Qatar-based Indian banker has been awarded for his contribution in environment friendly activities and for promoting green economy for nearly two decades. R Seetharaman, ... Visionary award at the 2016 Union of Arab Banks International Banking Summit held in Rome.

Last Answer : The Department of Posts launched a logo and tagline design contest for its soon-tobe set up India Post Payments Bank on which of the following website? A) GovPost B) IndianPost C) MyGov D) PayPost E) None of these

Description : Sub-prime lending refers to ________ A. lending done by banks at rates below PLR B. Funds raised by the banks at sub-libor rates C. Group of banks which are not rated as ... institutions including banks to customers not meeting with normally required credit appraisal standards E. All of the Above

Last Answer : D. lending done by financing institutions including banks to customers not meeting with normally required credit appraisal standards Explanation: In finance, subprime lending (also referred to ... schedule, sometimes reflecting setbacks, such as unemployment, divorce, medical emergencies, etc.

Description : The following is a document a) A cheque upon a banker is an document b) A power of attorney is a document c) A map or plan which is intended to be used or which may be used as evidence  d) All the above

Last Answer : d) All the above

Description : What was the profession of Thomas Hammond under whom John Keats joined for apprenticeship? A. teacher B. surgeon C. banker D. lawyer

Last Answer : surgeon

Description : ______ is the opinion of the rating agency on the relative ability and willingness of the issuer of the debt instrument to meet the debt service obligation as and when the arise. (a) merit rating b) credit rating c) rating by merchant banker )

Last Answer : (a) merit rating

Description : Budget card requires monthly payment on behalf of that ______.(a) holder b) banker c) seller)

Last Answer : (a) holder

Description : The primary role of the ________ is to purchase securities from the issuer and resell them to investor. a. Underwriter b. Shareholder c. Banker

Last Answer : a. Underwriter

Description : An ________relieves the company of the risk and uncertainty of marketing the securities. a. Underwriter b. Shareholder c. Banker

Last Answer : a. Underwriter

Description : The greatest security for a banker is that a________ a. Bill of Exchange b. Mutual fund c. Commercial Paper

Last Answer : a. Bill of Exchange

Description : Who among the following cannot cross a cheque? A. Drawer B. Holder C. Banker D. Foreigner.

Last Answer : B. Holder

Description : When a cheque bears across its face an addition of the name of a banker, either with or without the words not negotiable, the cheque is considered to have been crossed A. Specially B. Generally C. Normally D. Either a or b or c

Last Answer : A. Specially

Description : Which of the following is not a type of commercial agents? a. Banker b. Special agent c. Broker d. Commission agent

Last Answer : b. Special agent

Description : Exemplary damages are not awarded in such case (a) Breach of promise to marry (b) Wrongful dishonour & customers cheque by banker (c) Breach of any business contract (d) None of the above

Last Answer : (c) Breach of any business contract

Description : A commercial banker would prefer a ____________ debt-equity ratio over the years as it indicates financial strength of a unit. A. Declining. B. Increasing. C. Stable. D. Fluctuating.

Last Answer : A. Declining A commercial banker would prefer a declining debt-equity ratio over the years as it indicates the financial strength of a unit. A declining debt-equity ratio means that the company ... fluctuating ratio might indicate that the company is not able to manage its debt and equity properly.

Description : An attacker sits between customer and Banker, and captures the information from the customer and retransmits to the banker by altering the information. This attack is called as .............. (A) Masquerade Attack (B) Replay Attack (C) Passive Attack (D) Denial of Service Attack

Last Answer : (B) Replay Attack

Description : Have you researched mortgage refinancing? Can I take advantage of your work?

Last Answer : I haven’t refinanced in awhile, but I think credit unions tend to be fairer than banks. I’ve been with the Wescom credit union since 1979, and I’m very happy with them.

Description : How does a mortgage work?

Last Answer : This is a good explanation. Mortgage Loan It is a loan, usually for property, where the lender holds the property for collateral until the loan is paid in full. There are all kinds of mortgage loans but the ... . And, oh yes, there is interest. That is why the lender is willing to give you money.

Description : Can I take a loan with a mobile mortgage ? I need some money for a visa. I told one , you give me so much money with my mobile. If I can do my job then you will take the mobile. And if it doesn't work, I will pay all the money in three months. Is this type of transaction permissible ?

Last Answer : This type of transaction will not be permissible. Because it is not permissible to get any benefit from the borrower in return for the loan. That includes interest. In the case in question, ... bin Masood agreed. That said , the conditional contract involves interest. (Sahih Ibn Hibban 1053)

Description : how does a land in liu mortgage work

Last Answer : Good information here > http://www.mobilehome.com/phorum5/read.php?3,35498

Description : I have been accepted by American Military University (online) for a certificate course in Intelligence Studies. The cost is $4,500. I am divorced, with a mortgage and financial obligations and work full time. I want to change careers. How can I get gra?

Last Answer : www.grantsalert.com is a good place to look for grants.

Description : We own our home with no mortgage. My husbands been unable to work for the past 10 years. He gets no disability, we are barely surviving on what I can earn cleaning homes. Our home is being foreclosed by the great state of NY for back taxes. Is there help?

Last Answer : The New York State Attorney General's Office offers resources for avoiding foreclosure. Click here to access a list of counselors by county: http://nysdhcr.gov/Programs/ForeclosurePrevention/CounselListing. ... 23, 2009)for the serious individuals ready to make some changes- limited spots are avai

Description : Does WellsFargo offer training on how does a reverse mortgage work?

Last Answer : No, Wells Fargo doesn't offer training on reverse mortgages. They might be able to explain to you what they are but it's not a class per se. To learn about reverse mortgages visit http://www.aarp.org/money/credit-loans-debt/reverse_mortgages/.