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"Former
Mortgage
Banker Reveals Inside Private private secrets Of How To Get The Really Better Home Loan In
Any Market."
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If
you, or person you cognize is acquiring available to come up, purchase a 1st home, a
bank closely-held foreclosure, short sale or
refinance, pay close attention to what I'm going to share
with you.
You
don't cognize me yet, but after reading this
exposé on the mortgage industry's "dirty little secrets", I hope
you're glad you do. I've ready-made an insane living for over twenty-five
years as a mortgage banker and broker and instructed thousands how to do
the same. If there was a way to do a
mortgage fly, I either knew just about it or created it and now I'm going
to share three of these private secrets with you.
I'm
going to help you understand the mechanics of acquiring a mortgage so
you can be a more educated user
and help yourself get the better deal
possible.
The
strategy of lenders is to maintain an uneven playing field with their
clients. The average person only gets a mortgage every seven years.
How can you become nice at thing
you do every seven years,
especially if you're dealing with person who knows all the ins and
outs and is doing this several times a day?
It's
appalling how galore Americans are losing or are just about to lose
their precious piece of the "American Dream." They're just about to be
homeless because of the "smoke and mirror" plan of action shrouding the
mortgage industry.
Need
proof? Don't take my word for it...
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September, 2007
HUD to
Warn FHA Lenders on Excessive Fees:
The Department of Housing and Urban
Development is preparing to issue an "alert" shortly that warns Federal
Housing Administration lenders just about paying "excessive" fees to
non-FHA-approved mortgage brokers. "We are concerned [that]
consumers are being charged excessive fees," a HUD spokesperson said.
He aforesaid HUD is planning to warn FHA lenders shortly that these fees could
be "duplicative." Piece non-approved brokers can refer clients to FHA
lenders, they are not allowed to take FHA applications or originate FHA
loans. Nevertheless, FHA lenders are soliciting non-approved brokers to
bring them customers and loans to process. HUD investigators have
found that several lenders are charging borrowers points and paying $4,000
to $5,000 to the brokers. The National Association of Mortgage
Brokers aforesaid it condemns this practice, which circumvents the FHA's
approval process for originators. "This loophole inevitably to be closed as
part of FHA reform" legislation, NAMB president Martyr Hanzimanolis
said.
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Where do you think
those fees are coming from? (Secret No. 1)
Need
more? See on...
September, 2007
NAMB
Seeks Compromise on YSPs
The National
Association
of Mortgage Brokers is hoping to find several middle ground with Home
Democrats
on a provision in a
recently introduced predatory-lending bill that would-be ban
"incentive" payments to originators, including yield-spread premiums
that are a broker's main source of compensation. "I understand
their
intent is aimed at incentive payments," NAMB executive vice president
Roy
DeLoach said, wherever
a securitizer pays an additional premium for
certain types
of loans. The NAMB
agrees that incentive payments should be banned. "We
want to clarify that an origination fee can be paid by the loaner to
the
brokers," Mr. DeLoach said. Otherwise, the mortgage brokers wish be
forced
to oppose the bill introduced on Oct. 22 by Reps. Barney Frank,
D-Mass., Brad
Miller, D-N.C., and Mel Watt, D-N.C. "The indirect
compensation mortgage
brokers obtain from lenders is a defensible fee that really lowers
closing
price to consumers," NAMB president Martyr Hanzimanolis said.
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(There's Private secret No. 2)
I think by
now you've got to agree that it's
open season on the unsuspecting consumer. If
you're not a loan
officer, or person that understands the private secrets of how
mortgages
work, that's YOU!
(That Was Private secret No. 3)
Home
prices wish be leveling off shortly and you'll want to
be positioned
to take advantage of that.
I'm going to pull back
the curtain and show you private secrets loan officers don't want you to cognize
in a
series of FREE reports delivered directly to your inbox over the next
few days.
It's only a small slice
of an
exclusive instructions I created called "How To Ne'er
Get Ripped
Off Once
Acquiring A
Mortgage".
Here's what else you'll
learn...
- How
more do loan officers do from a typical loan?
- What
is a FICO
score and how do I get mine?
- What is a "YSP" and how makes
it affect my interest
rate?
- "Trigger"
words to use once
dealing with a loan officer that wish save you
thousands.
- I think I got
a bad deal, who do I contact?
- How
do I get
the better loan and the
better interest rate?
And
more more...
>>>FREE BONUS<<<
"101
Questions To Ask Before Purchasing Your
1st Home"
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MortgageSelfDefense.com
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