Getting A Mortgage 101
I just read a great article on what to do when your just starting out and trying to get a mortgage. You will find the article here.
Lots of us know that buying a car can be tricky at best with less than honest saleman and paperwork but getting a mortgage can be even tougher and twice as confusing.
If you’re looking for a mortgage, you may want to look for a mortgage broker first. There are plenty of ways to get mortgages — banks, credit unions, savings and loans, and mortgage bankers, among others — but you can also get set up with one via a mortgage broker. In exchange for setting up a mortgage, most lenders charge origination fees, whereas mortgage brokers charge a broker’s fee (and are sometimes compensated by the lenders they work with, as well). More than half of all mortgages in America originate with mortgage brokers.