I need advice about whether its legal or not to work for two mortgage companies?
Question by classybizlady: I need advice about whether its legal or not to work for two mortgage companies? I am a Loan Officer with A Mortgage Co and offered a position to work with B Mortgage Co. Company A is slow going when it comes to processing loans but they broker loans to all 50 states. Company A provides leads and has telemarketers for the Loan Officer. I know that I have to process those leads through Company A since they have paid for them. ( I know that it is unethical to process those with someone else) On the other hand, I have...
read moreUnsure about the mortgage advice I’ve just been given. Any ideas?
Question by CLR82: Unsure about the mortgage advice I’ve just been given. Any ideas? Me and my partner have just been for a mortgage appointment. We was told that for a £100,000 mortgage we would be paying £600 a month excluding insurances. This is over a term of 40 years, but the mortgage broker we saw told us, he will have it paid off for us in 18 years, we just go back every 2 years and he gets us a better deal. Can’t understand if this could be possible. The mortgage adviser is highly reccomended in my area. Really...
read moreMy wife and I are thinking about using Quicken Loans to refinance a mortgage on a rental property. Any advice?
Question by Snowtime: My wife and I are thinking about using Quicken Loans to refinance a mortgage on a rental property. Any advice? Has anyone else experienced Quicken Loans. This is the first time we have not delt with the “local banker” and we’re nervous about the closing over the phone/internet thing. Best answer: Answer by alterfemegoIf you can’t face them, why would you do business with them. We had a deal once on new construction. It was winter in Minnesota and they wanted to withhold thousands of dollars from...
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