I'm looking for information about mortgages from a mortgage broker in or around Owings Mills Maryland
2006-07-16 06:54:36 · 6 answers · asked by Joe 1 in Business & Finance ➔ Renting & Real Estate
This site has many reports that will most likely answer most of your questions...
http://www.marylandloantips.com
2006-07-16 07:03:46 · answer #1 · answered by Anonymous · 4⤊ 2⤋
Call the The Maryland Association of Mortgage Brokers. The (MAMB) is a non-profit professional society providing educational, legislative and networking services to residential and commercial Mortgage Brokers across the state. Affiliated with the National Association of Mortgage Brokers, MAMB’s goal for its members is to improve the quality and professionalism of Mortgage Brokers’ services to the public
They will have a listing of Mortgage Brokers that can help YOU.
720 Light Street, Baltimore, MD 21230
TEL: (410) 752-6262 | FAX: (410) 752-8295
EMAIL: MAMB@assnhqtrs.com
Why use a Broker:
A broker underwrites for many company's (I underwrite for 150 companies) so I only have to pull credit 1 time, and they look at my credit. A single lender (not a broker) has programs available, but they may not be able to help you and your situation, so you go elsewhere, and than that person pulls your credit (see what I mean.) If you shop, your credit is pulled and that is considered a soft pull, for a 30 day period. Just like shopping for a auto, it is good for 30 days. If you apply for a credit card, that is considered a "hard" pull and it drags down your credit score. When looking for a home, please do not apply for a credit card, Department Charge Card, Gasoline Card or make any major purchases, like a auto, etc. This will pull your credit down.
Try to find someone (broker) that will pull your credit one time, and submit your loan application to company's that will go off his credit report. By the way, a loan application is called a 1003, and they will issue you a GFE (Good Faith estimate, with-in 3 days, that is per the RESPA laws, and the TIL (Truth in Lending). This will tell you the up-front closing cost (etc) associated with your loan. This is a estimate only - not the final - but it does help you figure things out.
2006-07-16 16:24:47 · answer #2 · answered by W. E 5 · 0⤊ 0⤋
I'm not sure exactly what your asking. I work for a Mortgage Broker in Phoenix, Arizona but am licensed in Maryland to do business. I also have the ability to work with over a 100 lenders. Contact me if you need anything tadgeman@yahoo.com.
2006-07-16 20:17:06 · answer #3 · answered by Dan 3 · 0⤊ 0⤋
I am not a broker, but work for a nationally known direct lender servicing all of the United States. I am sure I can help you with one of our MANY programs, without dealing with a broker.
Some of the best reasons to use a direct lender are lower closing costs, less paper work, and in-house processing and underwriting. With over 200 loan programs available from my company, you don't really need a broker to shop around for you.
If you would like to discuss the options further, please don't hesitiate to contact me.
Best of luck to you!
2006-07-16 23:40:17 · answer #4 · answered by mzfilly 2 · 0⤊ 0⤋
email me and I will put you in touch with a maryland broker.
2006-07-16 14:38:20 · answer #5 · answered by Sam B 4 · 0⤊ 0⤋
I may be able to help you with your questions. http://1stmdloans.com or email me: rondelu2002@yahoo.com
Camp Springs MD
2006-07-16 15:59:15 · answer #6 · answered by ron d 3 · 0⤊ 0⤋