Mortgage Broker Wedgefield

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National Mortgage Professional Magazine – Last month saw a mild increase in the level of mortgage credit availability, according to data from the Mortgage Bankers Association (MBA). The trade group’s Mortgage Credit Availability Index (MCAI) has a slight 0.2 percent uptick to 189.8 in June.

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 · If your credit is less-than-perfect, though, and you might need a bad-credit mortgage, a broker might be able to find a loan with a lower mortgage rate. And if you’re struggling to qualify with a mortgage banker or non-bank lender, a broker, who works with several lenders, might be able to find an originator that will approve you.

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 · Before we delve in the step-by-step process of how to become a mortgage broker, let’s review the crucial position that brokers take in the field. What does a mortgage broker do? Mortgage brokers are an essential element in the real estate industry processes, serving as the connecting point between buyers and lending institutions.

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