June 22, 2008

Mortgage Brokers Listen Up!…Disclose All Fees Upfront and Throw Out The “Garbage” Fees….

By BOB TEDESCHI, The New York Times…..
BORROWERS lucky enough to secure a mortgage in the current lending environment have a good amount of leverage when negotiating fees with brokers, who are increasingly starved for business.
The problem is, many people have little idea what constitutes normal closing costs for their loans. In fact, relatively few borrowers [...]