How Do Mortgage Consultants Impact the Standard of Living in New York City?

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Obtaining a mortgage loan is one of the most arduous steps of the home-buying process. It requires comprehensive research, preparing applications, and checking out different mortgage products. This is where mortgage brokers come in. A mortgage broker simplifies the complex process of getting a mortgage by connecting investors and homebuyers with appropriate loans and guiding them…

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Refinancing Services: Types, Uses, Benefits

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If you’ve always wondered how to improve the terms of your home loan through refinancing services, you’re in the right place! With mortgages taking up a massive chunk of the average consumer’s debt obligations, astute borrowers are always looking for ways to minimize their premiums and pay off their home loans quickly. It’s no wonder the…

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Which Home Loans Are Offered for Each FICO Score Tier?

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Have you ever heard of the term “FICO Score?” It’s a three-digit number that represents your spending habits and ability to pay back loans. FICO scores are one of the most common criteria mortgage consultants use to evaluate whether to issue someone a home loan. But what type of mortgage loans are offered to borrowers…

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Key Challenges a Licensed Mortgage Lender Faces and How They Overcome Them

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Did you know there are over 400,000 individuals employed in the mortgage banking and brokerage industries? Considering how difficult it is to pass the Nationwide Multistate Licensing System mortgage loans originator exam, that’s a lot of people! Mortgage consultants face many daily challenges in their quest to help people fulfill their dreams of owning real estate. But what…

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3 Popular Types of FHA Loans: How They Work & Who They Benefit

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FHA loans are one of the most popular types of mortgage loans in the country. There are over 7.8 million active FHA loans nationwide totaling $1.2 trillion in unpaid principals. If you add up the mortgage premiums owed on these loans, the total amount is astronomical! But what types of FHA loans do homebuyers apply for most…

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