NLIC.org

June Said:

can anybody think of a good name for a mortgage broker who helps with problem mortgages with high st lenders?

We Answered:

The Loan Arranger

Hope you find a Tonto

Frances Said:

Who are most competitive mortgage lenders for people with really high credit scores?

We Answered:

Ask your real estate agent. they typically have a few people they like to deal with - usually because their past clients have been happy with their product and services. Be very careful about taking the info from the newspaper. If a company's rates look too good to be true, they usually are. While you are looking at rates, also look at points, fees, and be sure there isn't a pre-payment clause. The prepayment clause will charge you money at closing if you refinance elsewhere or if you pay it off for whatever reason before the end of the term of the loan. Points are a fee you pay upfront when you purchase or refinance to buy down the interest rate. One point is equal to 1% of the loan amount. So, consider the extra money you have to pay at the front end or back end of a loan to get the better rate and decide if it is worth it. If rates are jumping up, sometimes it is better to pay some points for a great rate. As a buyer, you can also ask the seller in your offer/purchase agreement to pay the points - in some areas it is customary and in some it is almost expected. Also, if you end up with an adustable rate mortgage, ask if the loan has "negative ammortization" - if it does - you DON'T want it. Hard to explain it, but it will cost you money when you sell.

Melinda Said:

just changed mortgage lenders.how do i see my exit admin fee and reclaim it back if it was high?

We Answered:

Go to GM.TV there is something on their website,