For Mortgage-Refinance Help, Get the Best Mortgage Professional, Not a Bank Loan Officer

When you need a mortgage -- either because you are buying, refinancing, taking out equity or getting into investment real estate, you need a good mortgage professional. Now, you may be tempted to go to your local savings and loan, as they may promise lower fees or zero costs. Meanwhile, in virtually every case, banks can't compete with mortgage professionals on the two most important things -- interest rates and service.

Also, the banker who promises very low closing costs will probably be making his money on a higher rate, and he'll likely try to sell you on discounting that higher rate, by paying a percentage of the loan amount. This is a common tactic bank loan officers use, and it is a very poor strategy in almost every case for you to buy a rate.

Finally, bank loan officers can't come close to the service of a good, honest mortgage professional. When dealing with a bank, you have to go to them, you have to close your loan where they tell you to close, you can only get your interest rate locked in when you've jumped through all of their hoops (mortgage professionals can lock your rate the day you call, over the telephone).

Mortgage professionals are in the service business. Unlike bankers, mortgage professionals need you, because they work strictly on commission. So, they will do everything possible to make you happy, because they want your referrals, and they want you to come back every time you do a loan. Good Mortgage professionals will treat you like you are their only customer. They give you their personal cell phone numbers and tell you to call them anytime of day. They meet you anywhere - home, work, your favorite coffee shop or restaurant, or any other place you designate. They go the extra yard to close your loan.

I once helped an elderly gentleman, on a fixed income, who needed to get cash from his house, in order to fix a dilapidated roof. He had 14 liens against his home, which made nearly impossible to refinance. I worked for a month, getting all of these items cleared. I even dealt with a bank collector, and got him to take thousands less for an old debt, just so we could close the loan and the man could stop the rain from coming into his home. Almost every bank loan officer would have sent this man away, because they don't want to do this much work.

So, remember, you need a mortgage professional, when getting any kind of home or refinance loan. Be sure you get the best.

Mark Barnes is the author of the new novel, The League, the first work of fiction, based on fantasy football. He is also an investment real estate and home loan finance expert. Learn more about his suspense thriller at http://www.sportsnovels.com Get his free mortgage finance course at http://www.winningthemortgagegame.com

---

Refinancing Your House - How to Know Whether to Refinance or get a Second Mortgage

Refinancing your house's mortgage is not the same thing as... Read More

Buying a Home when Rates go Up

Many people fret the rising tide of interest rates. You'll... Read More

Things that You Need to Know before Financing Your Home

Frequent Asking Questions:What are Points? A. There are several types... Read More

Online Mortgage Brokers - What You Might Not Know About Home Loans & The Internet

You may think that applying online for a mortgage is... Read More

Residential Mortgage - Finding The Best Home Mortgage Lender

Most people approach the act of getting a home mortgage... Read More

Mortgage and Credit Card Companies Under the Spotlight on Consumer Charging

For the first time since May 1996 reports have indicated... Read More

Bridging Loan Basics

A Bridging Loan is a short-term loan used as a... Read More

Home Loan Confusion Continues

Unfortunately, most Americans still do not understand how home loans... Read More

What Exactly Is A Reverse Mortgage And How Does It Work?

A reverse mortgage is a certain loan that allows the... Read More

Home Loans and Mortgages ? The Myth of Tax Deductible Interest

Home ownership has risen sharply in recent years, and the... Read More

A Guide to UK Buy to Let Mortgages

Essentially there is little difference between the process that one... Read More

10 Questions To Ask Your Mortgage Rep or Banke

This post is a must read for anyone considering purchasing... Read More

Mortgage: Rehabilitation Of Financial Helplessness

The term 'mortgage' is assumed really controversial by people when... Read More

Why Choose a Home Equity Loan?

There are many reasons for choosing a home equity loan.... Read More

Your Mortgage Rate Compare and Save

When trying to obtain the best mortgage rate compare offers... Read More

Homebuyers Loan Guide

If you are a homebuyer, there are a few points... Read More

Option ARM ? The World?s Most Dangerous Mortgage

Home prices have reached record levels, and in many parts... Read More

Guide to Mortgage Terms

Listed below is a guide to mortgage terms. It is... Read More

Finding the Best Homeowner Loans for Your Money

Looking for the best homeowner loans can be stressful, especially... Read More

Guide to Home Equity Loans

Here is a useful guide to home equity loans. A... Read More

Home or Investment Property Equity: Be Sure the Bank Gives You All that You Deserve

Home equity is your own personal money machine. If you... Read More

Home Loans: What You Should Know!

Finding home loans can be a daunting task, whether you're... Read More

A Qualified Mortgage Consultant Can Help Boost Credit Scores

Consumers interested in purchasing or refinancing a home will pay... Read More

Home Mortgage Loan Information - Which Type of Home Loan is Best For You?

If you are considering buying a home, then you may... Read More

Mortgage Tips For The Frantic

It is a curious fact of human nature that people... Read More

Securing a US Commercial Mortgage

What's the most efficient way to secure a US Commercial... Read More

Secured Homeowner Loans to Reiterate that a Home Provides More than a Roof Over Your Head

"The ache for home lives in all of us, the... Read More

Guide to Flexible Mortgages

Outlined below is a useful guide to flexible mortgages. Flexible... Read More

What On Earth are Home Equity Loans?

Home equity loans are one of the most common types... Read More

How To Save Hundreds A Month On Your Mortgage

When it comes to American spending habits, the sad truth... Read More

Bad Credit? First Time Buyer? You Can Still Get Approved For A Home Mortgage Loan

Do you have bad credit that you worry will stop... Read More

What is a Home Equity Loan?

A home equity loan is a loan that is guaranteed... Read More

Mortgage Lead and Mortgage Leads

A mortgage lead is an exciting thing because you are... Read More