- What should I tell a mortgage lender?
- How can I verify a company is legitimate?
- Is Quicken Loans A mortgage broker?
- Why would a mortgage application be declined?
- Do mortgage lenders lie?
- What should you not say to a mortgage lender?
- Is it better to get mortgage from bank or broker?
- Can I lie about my income on a loan application?
- How can you tell if a website is real or fake?
- How do I find information on a company?
- What if a company is not listed on the BBB?
What should I tell a mortgage lender?
10 Questions to Ask Your Mortgage Broker or LenderWhich Type of Loan Is Best for You.
What Is the Interest Rate and Annual Percentage Rate.
How Much of a Down Payment Is Required.
What Are the Discount Points and Origination Fees.
What Are All the Costs.
Can You Get a Loan Rate Lock.
Is There a Prepayment Penalty.
How Much Time Do You Need to Fund?.
How can I verify a company is legitimate?
Is Quicken Loans A mortgage broker?
Whereas sites like LendingTree and Zillow essentially act as brokers, sending your basic information to multiple mortgage providers, Quicken Loans is a direct lender. … Using Quicken Loans means you won’t receive an onslaught of emails from lenders trying to get your business.
Why would a mortgage application be declined?
These are some of the common reasons for being refused a mortgage: You’ve missed or made late payments recently. You’ve had a default or a CCJ in the past six years. You’ve made too many credit applications in a short space of time in the past six months, resulting in multiple hard searches being recorded on your …
Do mortgage lenders lie?
Mortgage shoppers may hear outright lies, such as “this loan has no prepayment penalty”, or “the rate is locked”. More often, they hear ambiguous statements that are designed to deceive, such as “the lender is paying my fee”. Often, borrowers are deceived by not being told what they should be told.
What should you not say to a mortgage lender?
Here are some crazy things would-be home buyers have said to lenders, and why they’re cause for concern.’I need to get an extra insurance quote due to … … ‘I can’t believe how much work the house needs before we move in’ … ‘Please don’t tell my spouse what’s on my credit report’More items…•
Is it better to get mortgage from bank or broker?
So for these people, using a mortgage broker is often the next best option. Brokers typically have access to far more loan products and types of loans than a large-scale bank, whether it’s FHA loans, VA loans, jumbo loans, a USDA loan, or simply a borrower with bad credit.
Can I lie about my income on a loan application?
Lying on a loan application may seem harmless at first — after all, a lender may not even check your inflated income claim or current employment status. However, intentionally lying on a personal loan application is considered fraud, and it can have real consequences.
How can you tell if a website is real or fake?
How to Spot a Fake or Scam WebsiteStep #1: Pay attention to the address bar. … Step #2: Check the domain name. … Step #3: Look up the domain age. … Step #4: Watch for poor grammar and spelling. … Step #5: Look for reliable contact information. … Step #6: Use only secure payment options. … Step #7: Walk away from deals that are too good to be true.More items…
How do I find information on a company?
The Security and Exchange Commission (SEC) provides financial and business information about publicly held companies. The SEC’s Web site at can be found at www.sec.gov. EDGAR is the SEC’s Electronic Data Gathering, Analysis, and Retrieval System.
What if a company is not listed on the BBB?
If a business isn’t appearing on the website at all, it means that no customers have left reviews — good or bad. This doesn’t mean that the business isn’t valid. It may just mean that customers have left their reviews on other websites.