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Mortgage Professor about loan officer commission: 
What Is a Mortgage "Overage?"
June 23, 2003 "I eavesdropped on my loan officer and heard him say that he was on his way to a ?nice overage?. What is an overage?" It is money extracted from your pocket by the loan officer. In the high-stakes poker game that is the home mortgage market, you ... more...

What Is a Sub-Prime Mortgage Lender?
22 March 2004 "I hear terrible things about sub-prime lenders. What are they, and how can I avoid them?" A sub-prime lender is one who lends to borrowers who do not qualify for loans from mainstream lenders. Some are independent, but increasingly they are affiliates ... more...

loan officer commission related definitions

Bridge Loan
Bridge Loan A bridge loan is a short-term loan, usually a second mortgage, run for 6 month but may be taken taken out for a period of 2 weeks to 3 years. The borrower's current home (which is usually "for sale") is ... more...

VA Loan
VA Loan A VA loan is a mortgage loan in the United States guaranteed by the US Veterans Administration. The loan may be issued by qualified lenders. Available only to veterans possessing a Certificate of Eligibility. Purchasing a home with a VA Loan is not as difficult as ... more...

More about loan officer commission

Get Free loan officer commission Quotes and Estimates

Get instant on-line mortgage rate quote and closing cost estimate. Only put your loan numbers. No contact info required. Compare offers from top mortgage lenders... more...

A Critical Guide to Home Loans: Your Options and How They Affect Your Future
Understanding Mortgage Loans-An Insiders GuideThere was a time in the not-so-distant past when financing the purchase of a home was relatively uncomplicated. You went to your local savings and loan and signed up for a 30-year, fixed-rate mortgage loan. Those days are gone, probably forever. Today, ... more...

Home Base Loan Officer Positions
If you are a loan officer looking for a little more freedom and flexibility in your work day, you may want to consider a home base loan officer position.Most mortgage broker shops will allow for you to work from home once they have trained you on their system and have acclimated you to their ... more...

How Loan Decisions Are Made
If you've ever wondered exactly what the process by which loan decisions are made is, it is actually much simpler than you might expect.While there are some large corporate banks that can have loan committees made up of a fairly large group of people, many smaller banks and lending companies leave ... more...

The Truth About Shopping for Mortgage Rates
With so much lender advertising focusing just on rates, you may not be aware of the importance in choosing an experienced, reliable loan professional who can match you with the appropriate loan program. Good loan officers and mortgage brokers may quote todays rate when asked, but they will quickly ... more...

Know Your Mortgage Fees, and You'll Never Pay Too Much for Your Loan
If you buy new windows, youll not only pay for the windows, you will also pay an installation fee. When you purchase a car, you pay tax, title, assumption fee, etc. Just about every major purchase comes with extra costs or fees, and home loans are no different. Most people think they dont have to ... more...

To Find The Right Loan You Must First Find The Right Lender
We have found internet shoppers to be the savviest in the mortgage market. Frequently they have submitted their mortgage loan information. After mortgage inquires for mortgage quotes are made by the consumer on the internet the information is then referred to a loan officer who will call them and ... more...

Mortgage Loan Basics: Interest Only Loans, Pay Option ARM
Mortgage Loan BasicsTo understand loans and mortgages we need to understand loan limits first. If your loan amount exceeds the amount below, you will qualify for a Jumbo Loan, which carries higher interest rate.One-Family (single family homes) $417,000 Two-Family(duplex) $533,850 Three-Family ... more...

11 Different Ways to Participate in The New Millennium Real State Boom
Many parts of the country are going through a real estate boom. In recent reports real estate is showing double digit growth in many parts of the country. In still many other real estate growth is outpacing inflation.1 - Real Estate Agent Real Estate agents are responsible for the vast majority ... more...

Having Mortgage Calculators Calculating The Best Loan Option
You need to use more than a mortgage calculator to find out which is the best plan for your needs. Here you have a quick guide to help you decide on the best plan for you.The Different Types Of Mortgage Loan OptionsSo you have decided to purchase your own home and you need to find out which type of ... more...

How to Finance and Build Your Dream Home
If you have always dreamed of building and living in the home youve helped design, its time to seriously consider putting your dream into action. In todays mortgage market, a specially designed loan for just such a homeowner, the construction to perm loan, includes the construction loan to ... more...

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