| mortgage loan |
| What interest rate do you pay on your mortgage loan? I want to know if I'm getting a good deal.? |
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Interest rates vary widely from person to person based on the type of mortgage you have, the credit score or scores of the person or people ...... |
| Can I refuse or back out of signing mortgage loan doc? |
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You have the right to back out, even after you sign it. Some places give you 3-5 days to back out after signing it. That is why it is impor...... |
| What should I look out before taking a Mortgage Loan Officer job? |
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Rod
I've worked in the Mortgage biz for over 16 years and the best thing you can do is to find a mentor. Someone that is successful a...... |
| What is the advantage of an interest only mortgage loan? |
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Okay, let's say you wanted to buy a car for $30,000, and could do so with an 8% interest loan, paying only interest.
That would make...... |
| Where do i get information about a bank that stoped a mortgage loan,the bank forclosed on us we had the loan? |
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You can get information on how the bank is regulated (State or Federal and which agency) on its website.
If you suspect foul play, a lett...... |
| I'm trying to find help with math problems dealing with mortgage loans to get my license as a loan officer |
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The industry is full of study guides. Hit Yahoo and search for a real estate/mortgage study guide. In CA the license is the same (one lice...... |
| What is the difference between HUD and a regular mortgage loan? Which is better? |
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A HUD loan is a loan for a HUD house, in most cases. A HUD loan is a government subsidized and funded loan. In most cases, qualifying for ...... |
| If I own my land, can I get a mortgage loan to build a house, combine debt and payoff my car all in one??? |
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Is the land in a developed area? Can you show ownership? Was it purchased or gifted? If you can show the bank that it's ready for buildi...... |
| What is a good way to get a mortgage loan for a first time home buyer with bad credit? |
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There may be financing for you but a lot will depend on just how low your credit score is and how much money you have to put down.
Mortga...... |
| Could i still get a first time buyers mortgage loan? |
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Typically mortgage lenders are more interested in your debt to equity ratio. That being said, just because you have $3000 in debt doesn'...... |
| How much money can I make as a mortgage loan officer? |
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Your income is unlimited!!!! That being said, you need to work real hard. You need to be willing to tell everyone that you know that you a...... |
| What is a 6 month libor on a mortgage loan? |
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It means that your interest rate is tied to the movement of the LIBOR (London Interbank Offered Rate) and typically it moves up and down wit...... |
| What's the best way to find a mortgage loan? |
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Sometimes using a broker can help because if your credit is questionable they can broker out thatloan to a number of different banks that ca...... |
| I need some advise; I work for a mortgage loan consultant and I feel very horrible working for him? |
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Carry on working here while you look for another position in the same industry. There are MANY mortgage companies that would be interested i...... |
| Can anyone give me tips for marketing my mortgage loan service? |
| Partner up with a Title company or Real Estate agent, if you have provable regular business they will provide you with free advertising materials....... |
| Approximately how long would it take for a mortgage loan to go through.? |
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It can take as little as three weeks to clear all the conditions of a new lender this involves title , home ins and a verity of other compli...... |
| I just got pre-approved for a 140k mortgage loan with estimated payments of 1450 a month. Is this "high"?? |
| 6 months agoActually, the payment is 1400. 0% financing. This includes mortgage insurance, taxes and all of that. This is in Omaha NE i...... |
| Should I pay off my monthly $322. car loan before I apply for a mortgage loan? I owe $4200. w/18 more pymts? |
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Well here is how credit works.
It would definitely help you out if you paid off your car loan because it would show that you have a lessor ...... |
| What is the most important thing a NEW MORTGAGE LOAN PROCESSOR should learn? |
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1st - You must know your company products inside and out. You also must learn quickly how the loans are underwritten because your loans wil...... |
| What is a typical day like for a mortgage loan officer? |
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I love it.
If you sit around and wait for business, you will not be very succesful, however, if you get out there and pound the pavement ...... |
| What should be the ratio of income to mortgage loan amount to make sure I am approved? |
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Typically lenders want to see your mortgage payment no more than 28% of gross income and total debt service of less than 35% of gross income...... |
| If you decide not to proceed with a mortgage loan, can the broker send you a invoice for certain items.? |
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If inspections and appraisals were done on your behalf you would have to pay for them....... |
| What is the advantage of an intrest only mortgage loan, and are they easier to qualify for? |
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As I say very often, be careful with who you are getting your answers from on this site....some of the answers that you have received are no...... |
| What is meant by limited title in a mortgage loan? |
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normally a limited title is sufficient for 2nd mortgages or succeeding. Limited title meaning that title insurance is not required, therefo...... |
| Do you need a license to become a mortgage loan officer? |
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No. You work under the mortgage broker's license.
**** The guy below who said to ignore me and the other person who answered your que...... |
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