Comments on: Mortgage Loan For You

By: dre_gh

dre_gh — Wed, 10 Feb 2010 00:33:54 +0000

I really suggest looking around at different careers websites, such as monster.com, in addition to checking out our careers page (I’m an employee of Quicken Loans).

Don’t worry about your lack of experience. At many mortgage companies, including Quicken Loans, no lending experience is not a problem.

In addition to on-going training, all new mortgage bankers attend five weeks of industry-leading training. We’ve been hiring 200+ new mortgage bankers a month for the past few months and we consider candidates with various work backgrounds and experiences.

I’ve included a link to our mortgage banker careers page that has more information, but if you have any questions feel free to contact me through my profile.

One thing, we only hire for employment in Detroit, Cleveland, and Scottdale, Arizona.

Good luck!

By: ronidl76

ronidl76 — Tue, 09 Feb 2010 22:00:56 +0000

In an interest-only loan or mortgage the borrower only pays interest each month. This makes it cheaper than a conventional mortgage, in which part of each month's payment goes towards the principal and part goes towards interest. These loans have become popular because the monthly payments are lower, allowing borrowers to afford a larger home.
However, these loans can be dangerous, especially in a down housing market. The interest rates are generally fixed for the first 1, 3 or 5 years. After that, they convert to a conventional loan, with a higher monthly payment. Most borrowers take on these loans because they assume they will sell the home before the interest rate increases. In a down market, they may not be able to sell. If they cannot afford the increased payment, they may have to default on the loan, and foreclose on the home. So, when the rate starts to adjust, you would need to refinance again. And, either get a fixed or another interest only adjustable. And, yes, I do believe you mean ARM. Although, if you have extra money every so often, you can pay down the principal in extra payments.

By: Gary C

Gary C — Tue, 09 Feb 2010 20:34:36 +0000

They can use you as a reference if they need to get another mortgage. Usually the company will require cancelled checks or copies of money orders used to pay you. Receipts aren't allowed as much now due to fraud in producing them as proof. However, if your borrowers can locate most of the cancelled checks and you are just missing a couple of months, lenders might accept the receipts. Usually they want a 12 month history or more of current timely payments. It's tough to report to a credit bureau unless you meet their criteria, which can include being licensed in your state. However, it never hurts to ask the big three.

By: nacao

nacao — Tue, 09 Feb 2010 06:32:44 +0000

no thanks, i know about great german man = hitler.

By: teamwewin

teamwewin — Mon, 08 Feb 2010 22:31:13 +0000

Mortgage Loan officers do not make anything from the SALE of a home. They make a certain percentage of the amount of the mortgage loan on the PURCHASE of a house.

The percentage of commission varies from state to state and from lender to lender.

By: rails

rails — Mon, 08 Feb 2010 20:57:26 +0000

Do you want a list of German achievements and great men?

By: Ana C

Ana C — Mon, 08 Feb 2010 17:56:55 +0000

Student loans that are deferred…need to be deferred for 3yrs in order to take it out of the expense ratio.

If not, I WOULD HIGHLY recommend that you find the original contract of the student loan. OTHERWISE, the underwriter will use his own calculations of what you will pay…which is USUALLY higher than you will normally pay.

By: Free Blog

Free Blog — Mon, 08 Feb 2010 07:20:06 +0000

haha yeeah, þessi devilshful gaur er true troll xD svona fólk þarf að fá sér friggin hobby eða get a life.

By: truth

truth — Mon, 08 Feb 2010 06:55:13 +0000

Devilshful, do everyone a favor and shoot yourself. Your a fucking waste of humanity. At least Iceland can be proud of their forefathers, than the germans one, fucking naziz. what pride does german have? hitler or what, lemme think, the german woman football team maybe HAHA! go fuck yourself now thank you =)

By: Blogger

Blogger — Sun, 07 Feb 2010 22:44:20 +0000

The news coverage of this so called “crisis” is laughable. Things could be better but they could also be much worse.