5 Home Buying Myths: Set Your Clients Straight » Mortgage Masters Group

For instance, in the event of a housing market correction you might owe more than what your home is worth. Ask yourself if a low interest rate and easy access to credit may encourage you to spend more than you can afford to pay back. You could find yourself in a debt spiral, using additional home equity just to stay current on your mortgage.

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And while millennials are more pessimistic compared with other age groups about their ability to buy a home. data NerdWallet analyzed reveal that these reasons may be more perception than reality..

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There are a variety of different ways to obtain a mortgage, but let’s focus on two specific channels, "mortgage brokers versus banks." There are mortgage brokers, who work as middlemen between banks/mortgage lenders and borrowers on the wholesale end to secure financing for homeowners. And there are banks/lenders that work directly with homeowners to provide financing on the retail level.

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But Tom and his team at Mortgage Master made the process as stress free as possible. Tom always made himself readily available for us and was very helpful by answering every question that we had. We are extremely satisfied with Mortgage Master and would recommend them to anyone who is looking to buy a home.

Perl Mortgage is trying to take advantage of Veterans, total scam. I don’t even know if the loan officer knew VA Loan products because it was the opposite of what the VA was telling me. All Veterans do not use David H. Or Perl Mortgage they just use us Veterans for the loan and don’t care about us the Veteran.

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Posts about Real Estate in Chester County, PA written by Claire Richards Realty Group. buyers need to get into the market sooner rather than later, says Paul Anastos, president of Mortgage Master in Walpole, Mass., a division of loanDepot.. or home equity line of credit) to improve your.