Innovative Mortgage Lending

The new rules are designed to prevent future gouging and say: Brokers and loan originators can’t be compensated based on the loan’s interest rate or other terms. Brokers and originators cannot receive payments directly from a consumer, if they also receive compensation from the lender or another person. “That will force many originators to lean

The key for an investor in the private mortgage lending industry is an experienced licensed mortgage broker with a good reputation. I do not mean just any licensed mortgage broker.  Find a very experienced broker that has a good ethical reputation.  Most states require the mortgage broker to be licensed. Under most state laws, private investors cannot