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    In Your Best Interest
    A diversified medical group suffered from a common procedure that frustrated patients, doctors and laboratory technicians every day.First, doctors sent their patients to the laboratory for tests. After the tests, patients asked the lab
    ation: Beware Broker-Banks

    The only way to tell if your mortgage broker is actually a broker-bank is to ask if the broker closes on the mortgage in their own name. If the answer is “Yes” and they do close in their own name, you know you are dealing w

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    Refinancing your mortgage can save you money and ease your budget if done correctly. Mortgage brokers can help you screen mortgage offers from dozens of lenders because of the contacts they have in the industry. Can you trust a broker not to overcharge you? It depends if your mortgage broker is acting alone or is part of a broker-bank. Here are several tips to help you decide if a mortgage broker is right for you.

    Mortgage Refinance Information: Brokers Add Convenience

    Mortgage brokers are a very convenient way to find a mortgage if you don’t have the time or desire to do the legwork yourself. Mortgage brokers are typically third party individuals that act as a go-between for you and the wholesale lender. Third party mortgage brokers are required under the Real Estate Settlement Procedures Act (RESPA) to disclose all fees and markup they charge for their services. Broker-banks are banks posing as mortgage brokers and are not required to disclose anything under RESPA.

    Mortgage Refinance Information: Beware Broker-Banks

    The only way to tell if your mortgage broker is actually a broker-bank is to ask if the broker closes on the mortgage in their own name. If the answer is “Yes” and they do close in their own name, you know you are dealing wi

    For Sale by Owner - Marketing Your House for Sale
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    u? It depends if your mortgage broker is acting alone or is part of a broker-bank. Here are several tips to help you decide if a mortgage broker is right for you.

    Mortgage Refinance Information: Brokers Add Convenience

    Mortgage brokers are a very convenient way to find a mortgage if you don’t have the time or desire to do the legwork yourself. Mortgage brokers are typically third party individuals that act as a go-between for you and the wholesale lender. Third party mortgage brokers are required under the Real Estate Settlement Procedures Act (RESPA) to disclose all fees and markup they charge for their services. Broker-banks are banks posing as mortgage brokers and are not required to disclose anything under RESPA.

    Mortgage Refinance Information: Beware Broker-Banks

    The only way to tell if your mortgage broker is actually a broker-bank is to ask if the broker closes on the mortgage in their own name. If the answer is “Yes” and they do close in their own name, you know you are dealing w

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    ry convenient way to find a mortgage if you don’t have the time or desire to do the legwork yourself. Mortgage brokers are typically third party individuals that act as a go-between for you and the wholesale lender. Third party mortgage brokers are required under the Real Estate Settlement Procedures Act (RESPA) to disclose all fees and markup they charge for their services. Broker-banks are banks posing as mortgage brokers and are not required to disclose anything under RESPA.

    Mortgage Refinance Information: Beware Broker-Banks

    The only way to tell if your mortgage broker is actually a broker-bank is to ask if the broker closes on the mortgage in their own name. If the answer is “Yes” and they do close in their own name, you know you are dealing w

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    d under the Real Estate Settlement Procedures Act (RESPA) to disclose all fees and markup they charge for their services. Broker-banks are banks posing as mortgage brokers and are not required to disclose anything under RESPA.

    Mortgage Refinance Information: Beware Broker-Banks

    The only way to tell if your mortgage broker is actually a broker-bank is to ask if the broker closes on the mortgage in their own name. If the answer is “Yes” and they do close in their own name, you know you are dealing w

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    ation: Beware Broker-Banks

    The only way to tell if your mortgage broker is actually a broker-bank is to ask if the broker closes on the mortgage in their own name. If the answer is “Yes” and they do close in their own name, you know you are dealing with a bank posing as a broker. You never want to refinance your mortgage with a bank or broker-broker because these organizations are exempt from the protection homeowners have under RESPA. Because banks and broker-banks are not required to disclose information on their fees and markup, you will never know how much you are being overcharged for your mortgage loan.

    Mortgage Refinance Information: Avoid Paying Too Much

    You can learn more about protecting yourself from lender and broker abuses when refinancing your mortgage, including common homeowner mistakes to avoid by registering for a free mortgage refinance information guidebook.

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