I am going to blow the lid CLEAN OFF these nasty deep pockets of profit, make a lot of enemies on the market and protect you in the operation. The tactic of lenders is usually to maintain an uneven stage using their clients. The average joe only gets a mortgage every seven years. How can you become proficient at something you do every seven years, particularly if you're managing someone who knows all of the the inner workings and is achieving this repeatedly every day? Never before within the good reputation for this country has Insurance been so cheap and repossessed homes and bankruptcies been so high. So, who's making all the Insurance and how? In short..."Servicers" The nations largest servicer of mortgages charges approximately 1/2% of their loans held a year. By June 2007, this servicer managed $1.415 BILLION. Do the math. Their ONLY goal would be to throw just as much Insurance on the trail as possible. They don't really care the way returns because that's "...not their problem." That is where mortgage bankers and brokers are available in. Mortgage companies hire loan officers to produce mortgages to offer for the servicers for sizeable "back end" commissions. If you've been cheated already, with respect to this industry, Excuse me. If you've not made that mistake, or will be in the centre of a home loan transaction or have a friend that is... STOP! Tip Top rated: Don't go overboard and turn into another statistic currently when foreclosures have reached an all-time HIGH! Tip Number 2: Home values will likely be leveling off soon and you'll wish to be positioned to look at advantage of that. To be ready, fogged headlights you should do... Get educated. Be described as a hero in your family and friends. Not now, but one day you'll. To find out how to protect yourself, visit: I am Louie Frias. You do not know me yet, but looking at this expos for the mortgage industry's "dirty little secrets", you might be glad one does. I've made an insane living for over twenty-five years as a mortgage banker and broker. If there was clearly ways to produce a mortgage fly, I either knew about it or created it. In order to learn what only bankers know but won't explain to you, check out my website.
