After the real estate crash a few years ago, it was revealed that many mortgage professionals weren’t behaving professionally. They were acting with disregard to professional ethics or operating without a valid and up-to-date license in their state. The mortgage boom that preceded the crash offered such amazing profits that many questionable individuals were drawn into the industry to make a fast buck — on both sides of the equation.
As a result, many states have toughened their requirements for mortgage loan officers. Part of this was dictated by the SAFE Act which governs mortgage licensing and requires a national registry of mortgage professionals and companies.… Read the rest
Next Day Blinds, a quality window blinds and coverings provider in the Washington-Baltimore area, is giving away $200 towards any Next Day Blinds order this week. Find out more about this giveaway.… Read the rest
The trend toward doing everything online has grown to encompass the process of obtaining loans. This phenomenon applies to everything from mortgages and home equity loans to personal and auto loans. Those considering using online lenders need to be very careful that they are dealing with a reputable and trustworthy lender and not a scam company — or a bunch of computers that can’t provide personal attention if there is a question or problem with a loan.
Even people who plan to go through a three dimensional lender, such as their bank or credit union, will likely conduct initial research online in order to understand the types of loans available and how interest rates and their own credit history may affect their ability to borrow.… Read the rest