Trivia Galaxy

Mortgage Lenders have two ways to selling their products, Residential Consumer Mortgages to consumers. Most lenders employ what are referred to as inside sales representatives. Most often these are lending officers at the local branch levels of a bank, credit union or other type of local financial institution. About approximately 30% of the lending market is done this way. The rest of the business is a result of a Mortgage Broker or Mortgage Planners acting on behalf of a consumer submitting a mortgage application to the lender directly .

Mortgage Planners can provide enhanced services that can help consumers align their financial affairs in the most efficient manner to allow them to qualify for a mortgage or re-financing or meet some other financial goal. Their primary goal is to maximize an individual wealth accumulation while providing accurate information on Real Estate Investing.

Both Mortgage Planners and Mortgage Brokers have legal, moral and professional liabilities. These are different from jurisdiction to jurisdiction so if you are unclear as to their responsibilities to you, you should ask and take notes of the answers . If you are ever uncomfortable seek a second opinion because being sure of professional, be it a doctor, account or financial planner is completely your personal responsibility. Bad advice usually starts off being free especially if it has anything to do with mortgages .

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