Refinance Mortgage

no such thing…but you can have your broker send you daily rates….but remember they change every hour!

Besides me, none.

Seriously, find a local guy you can meet with face to face. Ask around to your friends, coworkers, family, etc.. and get a couple referrals to people they’ve used. Shop a couple of them and see what you find.

I’m not clear on the preapproved part. They say I have look for property first then they will process the loan for approval. Is the money there or not???

Nothing is ever 100 percent until after you close. But getting a committment letter from your lender is about as close as you can get. There will be terms and conditions contained in that letter (ceretain verifications must pan out, etc.), and if you comply, then you have nothing to worry about. But get the committment letter — at that point they have already pulled your tri-merged mortgage credit report and know what your credit scores are (my bank threw out my highest and lowest and went with the middle score).

I plan to start a career as a loan officer and want to do business primarily on the internet, from home, as well as get the training on-line and/or by phone. I’m thinking about joining either Apex Lending or Premier Mortgage. Trancontinental Lending Group is also an option. Anyone have feedback regarding these companies? I’m really leaning towards Apex Lending because I like the business structure, however there is a one-time $200 fee for purchasing software that allows you to run the business on the internet and from home. The software has the 1003 appl, credit score/info viewing, matches programs to client info, manages your accounts, funds, can do business in atleast 20 states, etc. Is having to pay this fee a norm when getting started, if so, are there companies that have a lower start up fee? I have taken a 24-hour mortgage broker course in Florida recently, but haven’t taken the licensing exam yet. I will need a mentor for the first few deals and would like to get started soon.

I also work for Aapex mtg that’s based in fl. working from home is cool but it’s best if you can go into an office and do work there. if you’re home you might bs more than if you were in an office, there fore you can get more work done. It’s just a suggestion. You should look around first before you make a decision.

Also, is it safe to do business with online lenders? I have been eyeballing a website in Ohio that has programs for people with bad credit ( http://www.clevelandohiomortgage.com ) and have pondered the thought of calling them to do business with my refinance on the home mortgage loan. Should I try to do this loan online or should I just call someone local that I can go to the office? Let me know your experiences with online lenders please. Thanks you.

www.restructureyourmortgage.com lends in Ohio. Best of luck.