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Mortgage | refinance | home equity | home loans | mortgage ...Equity florida home in loan rate. Ur state Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Mortgage Rates 30 Year Fixed 5.58% 15 Year Fixed 5.36% 5 1 Adjustable 5.63% Get your rates » Calculators Choose Calculator Select One Monthly Payment Calculator Interest Only Calculator Amortization Calculator Mortgage Payment and APR Mortgage Calculator Early Payoff Calculator Get Free Rate Quotes Loan Type Select One Home Refinance Home Equity 2nd Mortgage Home Purchase Debt Consolidation Rate Quotes by Phone 1-877-771-8174 Today's Top Story Shopping for a Broker for a Mortgage Refinance As mortgage refinance alternatives become increasingly popular, so do mortgage brokers. But many of us are not sure how to shop for one, or what to look for to find one who's reputable. Here are some helpful insights for... Latest Articles Clean up Your Act with a Debt Consolidation LoanMost messes aren't self-cleaning. If your financial situation has... Reap Some Rewards: Get a ScholarshipAs mortarboards fly through the air at high school graduations... Counter Christmas Spending Blues with HELOCEveryone wants to say "Ho-Ho-Ho" when the Christmas season arrives... Get Free Content Download![]() |
Florida home equity loan information | business.comD for housing can include inflating a borrower's income, assets and credit score, lying about the borrower's intention to occupy the property and falsifying employment status, as in Bieber's mother's case.Sharon Dawes, the Broward area financial manager for the state's Office of Financial Regulation, blames brokers. Consumers, she said, often are unaware of a lender's underwriting requirements."It's my experience that a Florida mortgage loan applicant is being guided by the person familiar with the mortgage process, which is the mortgage broker," Dawes said.But Coral Gables broker J.C. Malouf said he has often felt pressure from borrowers themselves to use misinformation to get them loans."I've lost a lot of customers because in the streets there are people who will do whatever to get you qualified the way you want," Malouf said.With the explosion of new kinds of home loans available on the market, Malouf said it's possible to legally qualify just about anybody, but brokers sometimes don't know which products to use and often sell a loan because of the commission it generates, rather than its suitability for the borrower.For example, the widely used "stated income" loans, which require little or no salary documentation, seem to invite malfeasance by borrowers, so much so they've been dubbed "liar's loans" in the industry.For those who do get caught, the consequences can be steep. Source: "Florida Mortgage Fraud Still Running Rampant, Miami Herald Investigation Concludes" posted by Steve at 7:34 AM 0 comments Some Home Price Gauges Losing Credibility Another day.Another home![]() |
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