Predatory Mortgage Companies

Once we purchased our house, I was the most happy person in the world. I would never have imagined we would become homeowners in a million years. Well we trusted our agent who seemed to want to help us get into this house we loved. We didn’t know much about the housing market, and how it worked. And our investigator lied literally through her teeth that she was a wolf in sheep’s clothing. She got us into the house but what we didn’t talk about at the time was on her terms. She also asked us to move our stuff into the house and go ahead. And we had not signed papers or something. She promised us that we were going to get this house, she said the lord ordered her to help us get into this building. Okay, she did what she said she’d do. We’ve been approved for the loan with an AJUSTABLE RATE MORTGAGE — NEVER IN MY LIFE I’ll trust someone EVER after the nightmare my family went through and still goes through. At the very beginning we were being sold out.Learn more at Mortgage Companies Kansas City KS-Metropolitan Mortgage Corporation

Our 1st mortgage company was Ameriquest who sold us off to Option One out of CA, well our escrow money wasn’t sent when we were sold off any details was sent EVER to even tell us we were sold off in the meantime when we’re still sending our mortgage payment to AMERIQUEST, so out of the blue here comes a welcome letter in the mail asking us who our new mortgage company was which was Option One. So I just call to find out they didn’t receive the last 2 months of mortgage payments. So I clarified the situation and she was paying off the late fees levied by the CSR rep. I called Ameriquest to try to track the money, Ameriquest said that they had sent all the payments and the money to Option One, and now we’re playing the game I sent and I didn’t get it.

Next comes the foreclosure letter from Option One and we got refinanced after getting about 3 letters of that sort but for whatever reason we couldn’t get an FHA loan because, as explained to me and my husband, the ARM would be a better choice for us and after 4 years we could reapply and get refinanced at a fixed rate. I know that was a bunch of crap right now. The people out there in the real estate industry are full of garbage and for the middle class people who just want success in life they are not in the business. Sure we might not be in the upper class, maybe we don’t have perfect records, we don’t know the difference between a hard or soft loan, we don’t know we were selected as goals, but they do because that’s their company. We lived in our dream home for 6 years before the great move came to foreshadow the people who may have had a little money issue that stopped them from making a payment or two, but who still called and tried to make arrangements to get the payment in and sent the money as promised, but the mortgage companies had other plans for people like us — we didn’t know anything about this rape Yet our government did and they don’t give us two craps, all the thousands of homeless families and when they called their mortgage firms, no one was able to help them. All the thousands of homeowners who have had to find out what to do. We ‘re now renting out some tenants who don’t want to repair it get an attitude if we repair it, our reputation is toast, we ‘re arguing all the time and our old house is still empty. What you have to do is foreclosed land Google, where did all of those families go? Why do kids adjust? I know the people who are losing their homes need support, but the thousands of families who have lost their homes do likewise.

Tustin Mortgage Company – Guidelines

As many in the sector, and also in the mortgage brokers know, a mortgage broker’s roles are essentially to act as liaisons between lenders and housing borrowers financing. Various states and countries also have their own laws about standards for qualification, training, education and licensing. However, having Mortgage Broker qualification or a college degree in economics, accounting, or business administration is often helpful though not always required. Learn more by visiting Tustin Mortgage Company.

Mortgage brokers’ primary duties include experience in everything related to real estate, including financing, and connecting prospective borrowers to suitable lenders. Initially, mortgage brokers must determine the borrowers’ needs and seek to fit borrowers with suitable lenders accessible. Another responsibility is to determine the credit of the borrower and to try to match the appropriate lenders to which they are connected.

In addition to credit histories, mortgage brokers seek to understand and balance all facets, in order to find the better deals out there for the various buyers. They analyze the duration of loan repayments, monthly payments, for each particular customer. They provide such information to prospective borrowers of interest, and then usually assist in the specifics of the loan between the parties concerned.

Mortgage brokers need to learn about their business, the global and local market trends, they need to build suitable contacts and they certainly need to learn people! All these must-have skills in this specific field!!!

The job outlook of today is approximately $50-60 thousand dollars somewhere. These are median numbers and for the seasoned mortgage broker, they don’t take into account starting salary figures from $30 K to over $100,00 K. There is often a lot of variation here, even with the same level of experience and expertise, for as a rule the mortgage brokers pay is commission-based. As the economy moves forward, many expect that this sector will see solid growth in future years.

Mortgage Loans-In a view

If you had some poor credit report in the past couple of years, you’d forget to get a mortgage loan again. Before settling on a poor credit mortgage loan, make sure the outcome is a decrease in repayments, interest or both. Most people assume that getting a bankruptcy on your credit report would kill any hope of securing a mortgage loan absolutely. Learn more by visiting Harbor View Funding.

Also though a mortgage loan is a secured loan, keep in mind that when you apply for a refinancing home loan, a previous bankruptcy will appear on your credit report. Poor credit mortgage loan is a blessing for people suffering from problems such as bankruptcy, arrears, CCJs, repayment defaults etc. Nearly twenty-five percent of people in the UK have one or another form of lower than average credit history, which effectively means they have poor credit histories, which may have arisen from various factors such as late payment of utility bills, defaults, arrears, CCJs, bankruptcy etc. While assessing loan deals you should be aware of the customer service you are receiving; however, base your decision on the terms of mortgage and interest rates rather than the service. Another advantage of a second mortgage loan is that it will be tax free on the interest you pay back on the loan.

Another incentive to get a lower interest rate could mean you can pay off your mortgage loan in less time. Bad credit mortgage refinancing to pay off high-rate debt can be called a debt consolidation loan and is only feasible if the value of the home to be refinanced has been sufficiently increased to warrant a larger loan by the appraised value of the home. You choose the option to pick either a mortgage refinancing or a home equity loan when opting for debt reduction mortgage loan.

Whatever the reason you want a 2nd home equity mortgage loan, it’s a simple and versatile tool to take advantage of the interest built up in your home. California loan rates for second mortgages and refinancing vary from those for first mortgage rates.