Mortgage lending

Do mortgage brokers lend money? The difference between a mortgage broker and a lender is that a broker doesn’t lend the funds for mortgages. Rather, brokers originate and close mortgage loans between lenders and borrowers. Read more on www.bankrate.com Between borrowers and lenders, mortgage brokers function as a middleman. They assist customers in locating a … Read more

Do mortgage lenders lie? Your mortgage application and the law. Often people lie or exaggerate to get a bigger loan, smaller down payment or a better mortgage rate. Sometimes the applicant won’t get approved at all without deception. Read more on themortgagereports.com There are a number of myths and misconceptions out there around obtaining a … Read more

What should you not say to a mortgage lender? 10 things NOT to say to your mortgage lender 1) Anything Untruthful. 2) What’s the most I can borrow? 3) I forgot to pay that bill again. 4) Check out my new credit cards! 5) Which credit card ISN’T maxed out? 6) Changing jobs annually is … Read more

Is Chase Bank an FHA approved lender? Yes, we offer DreaMaker, Federal Housing Administration (FHA) and Veterans Affairs (VA) loans that offer low down payment options with flexible credit score requirements. Read more on www.chase.com Yes, Chase Bank is a lender that the FHA has approved. This means that the Federal Housing Administration-backed FHA loans … Read more