The Top 10 Reasons Your Mortgage Broker Is In Foreclosure
1. The housing boom is turning out to be quite a bust right now. There were a lot of people that got rich very fast and now there are some people that are in the poor house. What is interesting is that you would never think that the person who probably did three refinance loans [...]
The Top 10 Reasons The Negative Amortization Mortgage Ruined The Mortgage Industry
1. The negative amortization mortgage was not the only reason but it did play a major role. At one time last year some major lenders like Countrywide had something like 8% of their mortgage portfolio in the State Of California were Negative Amortizing loans. As most of us know home prices in California are not cheap [...]
The Top 10 Reasons You Should Never Get A Mortgage With A Mortgage Broker
1. First off mortgage brokers are not bad people. They are just trying to earn a living and have found a way to make a lot of money with very little personal risk. Mortgage brokers get a bad rap sometimes because of a few people that have misled clients. This happens in all industries but [...]