... broker could be your only option for securing a competitive mortgage loan. Mortgage brokers come in two flavors. There are traditional brokers regulated by RESPA legislation, and Broker-Banks that are not subject to disclosure laws under the Real Estate Settlement and Procedures Act. It is difficult to distinguish a mortgage broker from a broker bank. Broker-Banks are a particularly evil variety of mortgage lender that does not have to disclose any of the fees they overcharge you for you home loan. Mortgage brokers operate the same scams; however, they are required to disclose under RESPA. Here’s how their scams work. for more info visit our website at www. madalcapital.com we also do all type of hard money ...
... and three credit card, making six payments going out each month. The average APR on all come to 11%. Some of the autos were used so the APR was not so great and the CC are from ages ago when our FICO wasn’t that great either. Our FICO is in the high 700′s so getting approved for a HELOC or an unsecured personal loan wasn’t a problem. The reason we don’t want the HELOC is that the houseing market isn’t that hot right now and we don’t want to max out our home loan. So the other day we were approved for the full amount that we asked for but will end up using 92% of the amount we asked for. The main reason is that I would like one payment for everything. That way I’m not shuffeling things around just to make the min. payment on things etc. And when the housing market pics up we could revisit the HELOC. What do you think? As far as the HELOC, we didn’t have enough in the house to take care of all the loans so it wasn’t going ...