hello, I notice there is a 5000 dollars fee from broker, the lender pays that right?
I highly recommend that you go over your Fee Worksheet and your Good Faith Estimate with your current Loan Officer to obtain accurate information on your loan origination fees. As others have noted, the compensation can be different. We have loans that are Borrower-paid origination or Lender-paid...

Now that FHA pmi lasts the loan's lifetime, will conventional loans always be a better option?
I feel it best to have calculations completed on your individual loan in order to give you an accurate outlook and compare options. Yes FHA is becoming quite expensive and there are often alternatives that can reviewed. Rural Development is also a great program, 100% financing and the PMI is only .40...

Can my bad credit affect our chances for a good rate even if my spouse's credit is excellent?
Yes, if joint application, you will have an increased rate due to a pricing adjustment on conventional loans due to the lower Fico score. The score used will be the lowest MID score of all borrowers. It is called Risk based pricing. Hawaii is NOT a community property state and you may be married and only...

Rocky with Lender411 WAS NOT TELLING THE TRUTH on mortgagecrooks.com
I will have to agree with the others. A listing service for Lending professionals does not complete our fingerprints and background checks. We are each responsible for our own form of advertising and marketing and the consequences in today's market that do not meet compliance Regs are not...