Mortgage closing rates are trending downward, and this only highlights the importance of shopping around for the right loan. According to new research from Bankrate, the average total cost a borrower has to pay to close a loan has decreased. Between 2014 and 2015, it looks like the cost of closing on a home loan has decreased by just over…
November 2015
Are you a lender working with a wide range of potential home loan applicants? You can play a role in helping people in this situation. If you are working with a current renter who has been avoiding moving forward with a home purchase because of a FICO score, you may be in luck. So long as the borrower is able…
Questions about legality and concerns about leveling the playing field are both important when it comes to why mortgage service agreements are becoming less and less popular. It looks like the playing field is indeed leveling as less lenders make use of these agreements. Mortgage service agreements usually make service providers feel obligated to suggest a partner, even when some…