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Archive for the ‘Mortgage Brokers’ Category

The Different Types of Mortgage Lenders

Posted in Lenders, Mortgage Brokers, tagged , , on Oct 13, 2008 | Leave a Comment »

Consumers are often confused as the various types of mortgage lenders available to them.   It is extremely important that you know who you are dealing with when it comes to your largest financial transaction.
Mortgage Brokers: Often confused with the other lenders, mortgage brokers do not actually lend their own money.  Mortgage brokers arrange financing from [...]

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The Media Just Doesn’t Get it… More Mortgage Broker Bashing

Posted in Mortgage Brokers, Rants, tagged , , , on Jul 24, 2008 | 1 Comment »

I was going to write something on how to read Good Faith Estimates (GFEs), but an article on CNNMoney.com caught my eye.  As you know, I have been pretty critical of the mainstream media in their reporting of mortgage issues.  Mainly because they don’t have a freaking clue.  This article is yet another piece that [...]

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Shoddy Journalism… Media Continues Attack on Mortgage Brokers

Posted in Mortgage Brokers, Rants, tagged , , , , , on Mar 27, 2008 | 4 Comments »

I haven’t been shy about pointing out that the mainstream media seems determined to paint mortgage brokers as the bad guy.  While I am not a conspiracy theorist, I can’t help but wonder if mortgage banks are paying off the media big wigs or are journalist really just not qualified to discuss financial issues.
On Friday, [...]

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What Gas Stations Can Teach Us About Mortgage Brokerages – Part 1

Posted in Mortgage Brokers, tagged , , on Nov 9, 2007 | 9 Comments »

The other day, I showed you how the gas stations and mortgage brokerages have a lot in common.  You can read it here.  As promised, there is more to the story between Big Moe’s and BP. 
Recall that Big Moe’s is just across the street from BP.  Since Big Moe’s doesn’t have much overhead, he is buying gas from BP wholesale and [...]

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What Gas Stations Can Teach Us About Mortgage Brokerages

Posted in Lenders, Mortgage Brokers, Uncategorized, tagged , on Nov 5, 2007 | 7 Comments »

The easiest way to explain how mortgage brokerages work is by using an unrelated industry.  Mortgages are not something people deal with frequently and because it is financial product, I can understand the confusion.  However, everyone can relate to buying gas.
Let’s imagine you are taking a road trip to visit your family this Thanksgiving.  About [...]

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