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December 08, 2006
What is Wrong With Mortgage Brokers
At the end of June I called a mortgage broker to have one of our investment properties refinanced with a cash out. They told me they can give me a new first mortgage at 8.125% and a second mortgage at 12.5% to get the cash out we needed. My husband and I are self-employed so we want it this done as a stated income-verified asset loan. Their initial proposal and the terms seemed reasonable to us after checking with a few other brokers so we have gave them the go ahead to precede with the loan with the rates locked and that's when we have learned that all of our troubles just
From What is Wrong With Mortgage Brokers
Posted by Murray at December 8, 2006 05:22 PM
