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Home Loan Exit Fees: Will mortgage “exit fee” ban undo homebuyers

HomeMate — Tue, 22 Feb 2011 03:37:41 +0000

Mortgage exit fees are the name given to deferred establishment fees, these fees are to offset bank costs for setting up the loan in the first place. They have a long standing history of being charged, even though one would reason that this was the purpose of charging interest rates [to cover the cost of such work.] By deferring the establishment fees, and letting them disappear after the loan was 5 years old, or even less, it had three effects.

Home loan applications that could get your loan declined

HomeMate — Tue, 01 Jun 2010 01:59:05 +0000

I wrote an article about the mistakes I see home buyers and homeowners making that get their loans declined at Mr Mortgage I thought that I should write the article here also as an article.

Credit reporting your full finances profile before you get your mortgage

HomeMate — Wed, 14 Oct 2009 20:57:36 +0000

Government plans to give banks the ability to collect a full credit profile of mortgage credit applicants your finances profile before you get your mortgage