Are your loan officers employees or independent…

[ad_1] Many mortgage lenders/brokers consider their loan officers (who are their salespeople) to be independent contractors. Those loan officers are paid on commission based on the successful funding of the loan. Mortgage lenders/brokers make payments to loan servicers either at the close of each transaction or on a periodic basis. There is no deduction for … Read more

6 Steps You Should Take After a Mortgage Loan Rejection

[ad_1] Loan rejections often frustrate homeowners. There are many factors that lead to online mortgage loan application rejection. This is quite common among borrowers applying for mortgage loans. However, you need to remember that rejection is not the end of your dreams. You should always retry the process when you are ready. However, before reapplying, … Read more

Recent College Graduate – Beware of the Credit Trap

[ad_1] Our eldest daughter recently graduated from college (1 down – 3 to go). She moved west to take up an internship that would help her get some of the certifications she needs. During her college years our mailbox was filled with student loan companies to make sure she knew they were there for her … Read more