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A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses. Traditionally, banks and other lending institutions have sold their own products. As markets for mortgages have become more competitive, however, the role of the mortgage broker has become more popular. In many developed mortgage markets ...
A mortgage banker represents a lending institution that helps homebuyers explore their mortgage options and, ideally, close on a home loan. Unlike a broker, a mortgage banker is tied to a specific ...
A mortgage broker can save you time: Brokers do all the research on rates and fees. They negotiate for you, file the paperwork and keep the application process on track. A mortgage broker can save ...
The mortgage industry of the United States is a major financial sector. The federal government created several programs, or government sponsored entities, to foster mortgage lending, construction and encourage home ownership. These programs include the Government National Mortgage Association (known as Ginnie Mae), the Federal National Mortgage ...
Mortgage brokers and mortgage bankers can help homebuyers that don't fit the conventional mold to qualify for a mortgage. Most traditional bank loans require a down payment of 20% and a history of ...
The deliverable of a certified mortgage planner is a "mortgage plan" designed to maximize home equity while wisely managing debt. Training. Mortgage planners must have regional mortgage licensing, undergo structured training, and pass a battery of tests in order to be certified by private certified mortgage planning institutions [citation needed].
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