NLIC.org

Eric Said:

Hi need to get a credit report done online to show to my mortgage broker?

We Answered:

if you are looking for the best credit report online site, check out this site

http://Credit-Report-Online-USA.com/

Here you can check your 3-in-1 Report from all three credit reporting agencies and your credit score rating.

Hope this help,

Vicki Said:

Mortgage Broker or Mathematician please help?

We Answered:

FV = PV x (1+r) power of n - then square it by number of years

ie
The value of 100000 today is 100000.
FV= 100000*(1.10) power of 1 year = 110000
FV= 100000*(1.10) power of 2 years= 121000

Kristen Said:

How do I become a mortgage broker in CA?

We Answered:

In California, there are two separate approaches to becoming a Mortgage Broker, each with its own rules and responsibilities. One is under the California Department of Corporations, www.corp.ca.gov, based on the California Finance Lenders Law (CFL). The other is under The California Department of Real Estate (DRE), www.dre.cahwnet.gov.

Mortgage Brokers licensed under the California Department of Real Estate may perform regular broker and negotiating business with banks, savings & loans, credit unions, and thrift & loans. Mortgage Brokers licensed under the Department of Corporations may only negotiate loans with a lender licensed under the California Finance Lenders Law.

Melissa Said:

searching online for a mortgage broker as suggested in my previous??? regarding refi or equity loan?

We Answered:

Appraisal fees do come out of pocket, and there will also be processing fees if your loan is approved.

Yes, as it is mandatory to get an appraisal of your property before a lending institution will consider a loan for the property. You must have this appraisal done by an appraisal company to show which ever and any lenders the appraisal on your property. The appraisal is yours to keep and the loan will be based on the appraisal of the property.