Sunday May 21, 2017

Mortgage Tips

How Much Do Loan Officers Make?

The average loan officer usually makes a 40%-90% commission with no salary or hourly rate.  The difference in commissions is usually based on experience and whether or not leads and/or advertising are provided by the mortgage company.

Loan Officer Scams and Tricks

There are many problems with the mortgage industry, most are caused because loan officers know far more than the average borrower.  Knowledge is your best defense against these mortgage scams and tricks.

Bait & Switch

This game is played by many industries including the mortgage industry.  In the auto industry, they advertise a sports car in the paper but when you show up it suddenly turns into a Yugo.