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Nora Said:

Just purchased a home, and mortgage broker said we could refinance in 30 days. I need to know how that works?

We Answered:

Some lenders go by the appraised value but many go by the purchase price that you purchased the home (since it was so recent that you purchased) Did you purchase with 100% financing? Then you will need to find the lenders that go by the appraised value. Since it sounds like this is your primary residence it may be easier to do.

If you guys were satisfied with what the broker did the first time around go back to him since he suggested it he may know of a lender. Shop it around so you know you are getting a good deal. Make sure to tell the lenders you just purchased when getting a prequal - it will make a difference to what programs you qualify for. You may want to consider a fixed rate second mortgage - the rate may be a little higher than a home equity loan but at least you know its not going to change on you. I may be able to help if you are in Florida.

Bryan Said:

can one broker small business loans to banks like a mortgage broker do with home loans?

We Answered:

Business loans are a lot more complicated then mortgages. Take a business course at your local community college before you try this.

Chester Said:

looking for a legitimate mortgage broker home based business?

We Answered:

Here is a page that lists all books that could help you start your own mortgage brokering business. I suggest you either go to your library to borrow the book or buy them from your favorite bookstore. If this is something you are really interested in doing, books are an excellent source of information:

http://www.powerhomebiz.com/bookstore/mo…

Kay Said:

Has anyone used an "upfront mortgage broker" to secure a home mortgage?

We Answered:

I'm not sure what you mean by that term. I work for a mortgage broker - there are no "up front" fees if that's what you mean. All of them will be required to give you a Good Faith Estimate "up front" too. Hope that helps, email me with questions at robert495713@yahoo.com.

Tonya Said:

where can I go to find a good home based mortgage broker opportunity?

We Answered:

Try this one (I cannot vouch for them...I found them online):
Become A Mortgage Broker
Learn the business from an industry insider. Start your career now. Unlimited income and freedom are within your grasp.
www.mortgagebrokertraining.com