Being a loan officer is about being savvy and open to new ways of increasing your referral sources. We all know the typical referral sources for loan officers – real estate professionals, educational institutions, financial planners, builders and so on.
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Whether you’re a First-Time Home Buyer or seasoned investor, the mortgage approval process can be a slightly overwhelming adventure without a proper road map and good team in your corner.. Updated program guidelines, mortgage rate questions and down payment requirements are a few of the components you’ll need to be aware of when getting mortgage financing for a purchase or refinance.
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Unfortunately, if you default on your mortgage repayments, this may mean that the lender has the right to repossess your property and put it on the market. As a borrower, you need to consider your.
loanDepot cannot guarantee that the borrower will be approved for a future loan, the interest rate for a future loan, or the future appraised value of the home. The borrower’s ability to qualify for a future loan will be subject to the loan program terms and conditions available at that time.
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While it’s often viewed as unethical, gazumping is a common and legal practice in Australia’s real estate industry. find out how gazumping occurs and what you can do to minimise your risk of being.
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