sunshinecoastmortgagebrokers@gmail.com
Home Loans &/ Mortgage Brokers Finance, Sunshine Coast mortgage broker Chris Davidson mortgage broker on the sunshine coast with over 12 years experience in home lending, car finance, building finance, investment loans home loans
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I’m able to produce SERIOUSLY quality double phone verified leads (meaning these people have been verified over the phone TWICE) of individuals wanting and needing to refinance within 30 days.
What I would do ? Search for some mortgage brokers web sites, visit them, and contact those who looks the some agressive in their sales strategies.
Hope it helps,
I want to stop renting and get a house but I have a judgement on my record which I guess makes it impossible. I know there must be a way but how? Any affordable options? I am in the chicago suburbs if that helps. And my credit, according to one bureau is sub 650. Thanx.
One judgement won’t kill you unless it’s huge and unpaid.
Don’t assume it’ll make a mortgage impossible; perhaps just a bit more expensive.
If you haven’t already; Pay it off. Paid judgements are much simpler to deal with than open ones and help to repair your credit faster.
I’m in the middle of choosing between a bank and a mortgage broker who both pre-approved me for a home loan. The mortgage broker is guaranteeing a good interest rate and $700 savings in closing costs. The bank is puzzled and does not recommend I go with a broker to avoid surprising costs at closing. On the other hand, the broker told me he’s getting paid by a lender not me. Any helpful advice? Any pros or cons?
When you go with a broker the broker decides where you lend the money from.
When you go with a bank you know where you borrow from.
I would say borrow from a good bank. In the long run quality of service matters!!!!
Brokers are the most preferable to get home loans, correct ?Especially if I’m challenged on credit scores, but not LTV% or DTI. Am a first time home buyer and perplexed by what the market offers.
From my personal experience, I recommend everybody steer clear of mortgage brokers, who don’t necessarily have your best interest in mind. They will say anything to get their cut, and what they say can be total B.S., and once you sign that dotted line, you could be up the creek without a paddle. At least make sure you have a good lawyer to read over the terms of your loan before you sign anything. It may seem cut and dry, but you never know.
I have an excellent credit. I am looking for a very competitive rate and minimal closing costs. (who isnt) Let me know if you need anymore info.
Are you looking to purchase or refinance? There are a lot of questions a lender will need to ask you to give you a quote.
Now, more than ever, it’s important to investigate who you choose as a mortgage company. You should shop with a few national, direct lenders and ask them for a complete quote with a good faith estimate. Find out which one makes the most sense and move forward from there.
What if you could take truly 100% exclusive live leads at your
request that were all recorded to verify the lead and it only
cost $5.95 for the first minute and $1.95 each additional
minute while you take your app? Would you get your checkbooks out?
no
I seem to remember that they have to repay back the commission to the bank if the buyer foreclosures before a time period of x (3 months?)
Can anyone confirm deny? Provide links to information?
I’ve looked and cannot find any.
Just FYI, this is a graduate project on information that i am trying to look up.
I’m not in foreclosure or anything
You will not find proof of this on the net. Each bank has their own contract with their brokers. Each bank decides what the recapture clause in that contract is. Some banks will even change their standard contract if the broker won’t sign it otherwise.
Some banks have a recapture of commission charges that go for a year, others have no recapture clause in their contract. Some only force the recapture of YSP (money made on the back of the loan between the bank and the broker) others force any money made on the loan in it’s entirety. Others only force recapture when fraud can be proven.
If your the borrower and want to make sure your broker is not getting paid on a loan that you were able to get into foreclosure in 3 months – then forget it – YOU should have know you can’t afford the home so don’t go looking to point fingers.
If your the broker – YOU should know what your recapture clause is with the bank – do you sign everything with out reading it – your as bad as most borrowers
If your the LO – ask your boss – if he doesn’t know – find a new boss.
We have tried and so far not had any luck – but we have heard that it is possible. We have at least 10% to put down and both have an attorney representing us in our Green card battle. How can we do it?
First of all, most banks are requiring 20% down nowadays.
Second, the under-writing rules for most banks require residency, so you’re going to have a tough time finding a bank to take that kind of risk in today’s market.
Thousands upon thousands; and they all screw you one way or another…