For Mortgage-Refinance Help, Get the Best Mortgage Professional, Not a Bank Loan Officer

When you need a mortgage -- either because you are buying, refinancing, taking out equity or getting into investment real estate, you need a good mortgage professional. Now, you may be tempted to go to your local savings and loan, as they may promise lower fees or zero costs. Meanwhile, in virtually every case, banks can't compete with mortgage professionals on the two most important things -- interest rates and service.

Also, the banker who promises very low closing costs will probably be making his money on a higher rate, and he'll likely try to sell you on discounting that higher rate, by paying a percentage of the loan amount. This is a common tactic bank loan officers use, and it is a very poor strategy in almost every case for you to buy a rate.

Finally, bank loan officers can't come close to the service of a good, honest mortgage professional. When dealing with a bank, you have to go to them, you have to close your loan where they tell you to close, you can only get your interest rate locked in when you've jumped through all of their hoops (mortgage professionals can lock your rate the day you call, over the telephone).

Mortgage professionals are in the service business. Unlike bankers, mortgage professionals need you, because they work strictly on commission. So, they will do everything possible to make you happy, because they want your referrals, and they want you to come back every time you do a loan. Good Mortgage professionals will treat you like you are their only customer. They give you their personal cell phone numbers and tell you to call them anytime of day. They meet you anywhere - home, work, your favorite coffee shop or restaurant, or any other place you designate. They go the extra yard to close your loan.

I once helped an elderly gentleman, on a fixed income, who needed to get cash from his house, in order to fix a dilapidated roof. He had 14 liens against his home, which made nearly impossible to refinance. I worked for a month, getting all of these items cleared. I even dealt with a bank collector, and got him to take thousands less for an old debt, just so we could close the loan and the man could stop the rain from coming into his home. Almost every bank loan officer would have sent this man away, because they don't want to do this much work.

So, remember, you need a mortgage professional, when getting any kind of home or refinance loan. Be sure you get the best.

Mark Barnes is the author of the new novel, The League, the first work of fiction, based on fantasy football. He is also an investment real estate and home loan finance expert. Learn more about his suspense thriller at http://www.sportsnovels.com Get his free mortgage finance course at http://www.winningthemortgagegame.com

---

Sound Financial Standing Entails Capital Raising Remortgage

Raising capital is integral for growth and expansion of an... Read More

Uk House Price Increases Take A Summer Holiday

Property website Rightmove has released its latest house price index... Read More

Private Mortgage Insurance Basics

Will you be asked to pay Private Mortgage Insurance, or... Read More

Mortgage Debt Elimination in 5 to 7 years!

Mortgage Debt Elimination shows that most home loan debts will... Read More

Kings Bay Saint Marys & Kingsland Georgia Real Estate - Getting a Home Loan with Damaged Credit

So, you have made the decision that you would like... Read More

How to Find a Good Online Homeowner Loan

A quickly growing trend in lending is the online homeowner... Read More

Reaping Financial Rewards ? Bad Credit Home Equity Loans

Home is the place you inhabit. It is the place... Read More

Why Refinance Back into a 30-Year Loan?

One of the biggest reasons homeowners refinance their mortgage is... Read More

Private Mortgage Insurance (PMI)

If your down payment on a home is less than... Read More

Buy a Home With a Government Grant? Avoid this Scam

If you watch enough late night television, you'll see advertisements... Read More

Reverse Mortgages Learn The Facts First!

Reverse Mortgages, Most Common Features:Many offer special appeal to older... Read More

Buying a Home With Bad Credit - Why a Recent Bankruptcy Will Not Stop You From Getting Approved

Buying a home with bad credit is possible with the... Read More

Buying a House or a Home?

A house is just that, a house, until someone lives... Read More

Are You Ready for a Home Mortgage Loan?

Buying a Home and committing to a Mortgage can be... Read More

Understanding Mortgage Basics

As common as mortgages are, there are a surprisingly large... Read More

What is a Self-Certification Mortgage?

A Self-Certification mortgage is a mortgage designed for people who... Read More

Refinance Your Home Mortgage Online

The largest financial obligation most people ever take on couldn't... Read More

What is a Tracker Mortgage?

A tracker mortgage 'tracks' the Bank of England base rate,... Read More

I Have A Slice of the American Dream and It is a 30 Year Nightmare

Well, we did it. We are buying a beautiful, brand... Read More

Construction Loan Basics

It might not be too big of an exaggeration to... Read More

Mortgage Glossary of Terms

A brief list of some of the most common Mortgage... Read More

Mortgage after Bankruptcy - Bankruptcy Discharged Yesterday? Purchase a Home Today!

So you have been through a bankruptcy and surely have... Read More

Your Mortgage Rate Compare and Save

When trying to obtain the best mortgage rate compare offers... Read More

How to Avoid Paying Mortgage Insurance

In today's world, a borrower should not be paying mortgage... Read More

Home Loan Lenders - Finding the Best Home Mortgage Lender

The process of obtaining a mortgage or home loan can... Read More

Home Equity Loans - Are They Right For You?

The bills are out of control and you need a... Read More

Getting The Best Home Equity Loan

Owing to the popularity of home equity loans, there are... Read More

Revive Mortgage Tenure With Extend Loan Term Remortgage

You are comfortably wedged in a mortgage deal, paying the... Read More

Fixed-To-Adjustable-Rate-Mortgage

What is a Fixed-To-Adjustable Rate Mortgage?This type of mortgage offers... Read More

Ending Your Private Mortgage Insurance Early

Private mortgage insurance, or PMI, is the safety net of... Read More

A Home Equity Loan - What You Should Know?

Asking yourself, "Is a home equity loan right for me?"... Read More

Money Smart Homeowners Use this Mortgage Strategy Every Time

There are currently more than 50 million home mortgages in... Read More

How to Get Cheap Home Loans with a Bad Credit

It's been years since you made any major improvements to... Read More