LoanSystems

01/02/2020

Four questions borrowers ask when choosing between a bank loan vs an online loan.

Knowing your preferences and priorities when it comes to getting a personal loan will help you decide whether a face-to-face process or a digital approach is best for you. Ask yourself these four questions to figure out the better option.

12/30/2019

"Total originations, including purchase and (s), probably will total $2.15 million this year, the highest level since 2007, according to ."

A refinancing boom is driving profitability at nonbank lenders, according to a Moody’s report. The boost may not last, it said.

12/26/2019

"Some may specialize in particular types that others avoid. Some may have more flexibility with credit scores or amounts than others."

In their role as the middleman between borrowers and lenders, a mortgage broker can help you find a lender that meets your needs and financial requirements, such as a preference for a lower down payment or the best interest rate...

12/19/2019

"An increase of 5.38%, in line with the average increase of home sales prices over the past year could make things slightly favorable for buyers."

Buyers will have an easier time borrowing more for a home purchase in 2020.

12/16/2019

“What you get by achieving your goals is as important as what you become by achieving your goals.” – Henry David Thoreau.

12/12/2019

"What about that don't charge fees? Will they be charging a higher than a competitor & absorbing their cost in the rate?"

These fees, called origination fees, are upfront costs that lenders charge for the administrative costs of processing a loan.

12/06/2019

"In addition to more options & lower rates, are also able to get & the to the closing table faster, with turn times well below the industry standard."

Partnering with a local mortgage broker can help you give your clients the easy home buying process and personal touch that will gain you more word-of-mouth referrals.

12/02/2019

" is bringing the future into the present so that you can do something about it now." - Alan Lakein.

11/28/2019

“Low started to revitalize the market at the end of this summer, but we won’t see their full impact on demand for until next year."

The housing market is expected to heat up in 2020, as the nation’s low mortgage rates are projected to revitalize the buyers’ market, leading to an increase in competition as housing supply declines further, according to a Redfin forecast.

11/25/2019

"I'm a greater believer in luck, and I find the harder I work the more I have of it." — Thomas Jefferson.

11/22/2019

CFPB issued a clarification recently on the licensing rules to address a possible loophole that could have left certain LOs unable to originate at their new jobs.

In just five days, the licensing rules for mortgage loan originators will change, making it easier for LOs to change jobs and continue originating mortgages without any license-related delays. And with those changes about to take effect, the CFPB issued a clarification recently on the licensing rule...

11/20/2019

" may offer borrowers the opportunity to purchase points, and most allow this. And it’s up to the borrower if they want to pay down the rate of the ."

Points can save you a bundle of money, but it pays to do a little analysis first.