Mortgages Made Easy, By Getting Help.
Mortgage Lenders have two ways to selling their products, Residential Consumer Mortgages to consumers. Most lenders employ what are referred to as in-house branch representatives. Typically these are lending officers at the local office levels of a bank, credit union or other type of local financial institution. About approximately 30% of the lending market is done this way. The rest of the business is a result of a Mortgage Broker or Mortgage Planners acting on behalf of a consumer submitting a mortgage application directly to the lender.
Mortgage Planners are typically individuals who operate as Mortgage Brokers but offer enhanced services that seek to organize more efficient borrowing and lending services with an overall plan to minimize fees, taxes and increase cash flow. Their main goal is to quicken an individual wealth accumulation while providing accurate information on Real Estate Investing.
Both Mortgage Planners and Mortgage Brokers assume legal, moral and professional liabilities. These of course vary by state and province so if you are unclear as to their responsibilities to you, you should ask questions. If you are ever uncomfortable seek a second opinion because being comfortable with a professional, be it a doctor, account or financial planner is absolutely your responsibility. Bad advice usually starts off being free especially if it has anything to do with re-financing .
