Information on Mortgage Jargon in Maine

1 Reply

Don't mortgage your future! You need to be armed with adequate information about the various mortgage options available and the best one which will suit you. It takes countless hours to locate this information. People at this site http://www.mainemortgagedepo.com have written articles on a wide range of topics related to mortgage and finance with painstaking attention to detail. Learn all about mortgage, bad credit mortgage, mortgage loans, refinancing, home loans, interest only mortgage, and fha loans. Find mortgage brokers online, specialized in home mortgage loans, debt consolidations, and home refinancing.

Great thread Stephen,
I have learned many useful resources from your thread. Thanks for sharing this information and hope to read more from you.
The mortgage lender that funds your loan is called the originator. A loan originator may be a bank, credit union, or other type of financial institution. On the date of funding, the money flows out of the originator's hands and into yours. You then turn that money over to the seller of the home.
Mortgage brokers are individuals or firms who find customers for lenders and assist with the loan process. Brokers are independent contractors – they provide a way for mortgage lenders to increase their business without incurring the expense involved with employing sales staff directly. Brokers also play a key role in today’s mortgage market: According to the Mortgage Bankers Association, mortgage brokers now originate 45 percent of all mortgages, and 71 percent of subprime loans. 8)

___________________
LiveMortgageFree.com