Mortgage Edge - Talk Mortgages

F.A.Q.'S

HOW MUCH DOES IT COST TO USE A MORTGAGE SPECIALIST*?

THE WORK OF A MORTGAGE SPECIALIST IS CONSIDERED A FREE SERVICE. IN SOME CASES ADDITIONAL FEES WILL BE APPLICABLE…..SEE OUR “ HOW MUCH DOES YOUR SERVICE COST ME?” SECTION. AS A RULE, WE ARE ABLE TO GET A BIGGER SHARE OF THE MARKET THEREFORE MOST LENDERS WILL PAY A FINDER’S FEE TO MORTGAGE BROKERS AND ALSO OFFER THEM THE BEST DISCOUNTED RATES AND FAST APPROVALS TO GET THEIR BUSINESS. THIS IN TURN WILL LET THE MORTGAGE SPECIALIST* SHOP AMONG THE VARIOUS FINANCIAL INSTITUTIONS FOR THE BEST MORTGAGE RATE AND PRODUCT THAT WILL SUIT THEIR CLIENT. THIS IS USUALLY DONE WITH NO COST TO THE CLIENT.

IN CASES WHERE TRADITIONAL LENDERS WILL NOT APPROVE A MORTGAGE DUE TO POOR CREDIT AND WHERE THE APPLICATION MUST THEN BE PLACED WITH A PRIVATE OR NON-TRADITIONAL LENDER, A BROKERAGE FEE MIGHT BE CHARGED TO THE CLIENT. IF THIS HAPPENS, THE COST MUST ALWAYS BE GIVEN TO THE CLIENT BEFORE IT CAN BE CHARGED.

*Mortgage Edge assumes no responsibility for the use or application of any comments and/or formulas on this site. Any areas concerning taxes, investments,mortgages, insurance or specific legal situations should be referred to lawyers, accountants, financial consultants, realtors or other licensed professionals, qualified or authorized to render such advice. Additionally, all concierge services are paid advertisers, and Mortgage Edge does not warrant or guarantee any work provided. All Rates are subject to change without notice and may vary based on individual application. O.A.C. Fees may apply in some circumstances on unqualified transactions.

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