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Home Equity Loans

Home Equity Loans

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Published by harrison_inc
I Want a Better Mortgage.Com, is a free online mortgage lender exchange. I Want a Better Mortgage.Com provides a marketplace that connects consumers with multiple lenders, who all compete for their business. I Want a Better Mortgage provides access to lenders offering mortgages, mortgage refinance loans, home equity loans, VA loans and personal debt consolidation loans. Pre-Approval for most loans in 2 minutes or less.
I Want a Better Mortgage.Com, is a free online mortgage lender exchange. I Want a Better Mortgage.Com provides a marketplace that connects consumers with multiple lenders, who all compete for their business. I Want a Better Mortgage provides access to lenders offering mortgages, mortgage refinance loans, home equity loans, VA loans and personal debt consolidation loans. Pre-Approval for most loans in 2 minutes or less.

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Published by: harrison_inc on May 04, 2014
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Customers seek a Better Mortgage at iWantaBetterMortgage.ComBy Homer SlobotnicVice President of Sales and MarketingCustomers seeking a much better mortgage or a better mortgage refinance loan happen to be finding greater success online using a company called iWantaBetterMortgage.Com. By eliminating the mortgage broker, iWantaBetterMortgage.Com offers customers a simple and fast method to buy online for a home mortgage. or se!eral years "and industry #ide$, there ha!e in!ariably been problems #ith mortgage brokers selling mortgages #ith inflated fees and rates of interest higher than a client #ould ha!e to pay. %!er time, customers ha!e complained that mortgage brokers had talked them into obtaining a mortgage they really could not afford, only find out after the truth that the mortgage lenders had hid the additional back end points and fees creating the monthly interest to skyrocket. &n many cases, a greater mortgage might ha!e been obtained had the consumer been able to purchase around. or this reason, iWantaBetterMortgage.Com has begun to capture additional market share gi!ing the customer #ith the 'better mortgage(.)ogether #ith the ne# *odd rank rules #hich can be in position, some mortgage lenders are compelled to not lend to +ualified indi!iduals. iWantaBetterMortgage.Com is assisting customers shop multiple lenders at once #hich can help take a#ay the add on fees that can come from independent mortgage brokers.)he ne#est term in the street is '+ualified mortgage(. Mortgage lenders are made to adhere to a set of rules that leads to eactly #hat is being referred to as the -+ualified mortgage standard(. Mortgage lenders are no# disco!ering it difficult to add on additional fees, both in the front and also the back end. Without these additional fees, lenders are denying home loans to a other#ise +ualified borro#er. So, so ho# eactly does a consumer find that 'Better Mortgage( Consumers #ant a better mortgage and ha!e started to consider iWantaBetterMortgage.Com.More regulations mean fe#er better mortgages.Mortgage lenders don/t much like the limits being placed on their fees, or maybe the ne# debt to income re+uirements to get a mortgage in order to meet the '+ualified mortgage standard(. )he matter at hand is that the mortgage lenders are complaining that they/ll turn a#ay +ualified deser!ing borro#ers due to these ne# regulations. 0enders belie!e that this can slo# the housing reco!ery and hurt the o!erall health of your economy. iWantaBetterMortgage.Com has become offering the link in bet#een the consumer along #ith the lender #hereby the buyer can pit Home 1+uity 0oan lenders against the other, thus lo#ering fees and points. 2etting that better mortgage is crucial to some healthy industry.-3nless you can find changes anytime soon, these ne# policies #ould ha!e a dramatic effect on credit a!ailability for your consumers seeking a much better mortgage that they are set up to  protect,- said 1d#ard Brooks, from the 3nited Mortgage 4ssociation. He/s said that this is #hen a company like iWantaBetterMortgage #ill come in. iWantaBetterMortgage.Com takes the guess#ork out of finding the best home loan for that indi!iduals credit history. iWantaBetterMortgage.Com can get a pre5appro!al to get a mortgage in 6ust t#o minutes.Brooks testified facing a home Hearing on home mortgages that industry is impro!ing #ith all the top +uality borro#er, #hile the lo#er end in the mortgage marketplace is actually shrinking.
 
1ntry to credit remains an issue #ith no!ice and lo# to moderate income borro#ers struggling to  be eligible for a a residence mortgage. )he 'ability to repay( rule could fuel this trend and further tighten credit to #orthy borro#ers.7ust ho# do the latest rules for a +ualified mortgage transform it into a better mortgage1arly this coming year, the Consumer inancial Protection Bureau/s '+ualified mortgage rule( #ent into effect. )his rue #as created to help the consumer obtain a better mortgage. )o get designated an eperienced mortgage, a loan must fulfill certain re+uirements, including894 : percent cap on points and lender/s fees for loan numbers of ;<==,=== or e!en more.94 maimum debt5to5income ratio of >: percent, and therefore debt payments can/t eceed >:  percent from the borro#er/s before5ta income.Ho#e!er, there are eceptions. )he percentage cap on fees is higher for smaller loans, and a fe# mortgages backed by annie Mae, reddie Mac along #ith the H4 may ha!e debt5to5income ratios abo!e >: percent.&n the testimony ahead of the House Banking Committee, some lenders complained concerning the >: percent limit for debt to income ratios. )hey said on many occasions, borro#ers could  possibly get an impro!ed mortgage and afford loans at higher ratios, and dreamed of being allo#ed lee#ay inside their lending decisions, and not attach a tough debt to income ratio for the  process. urther, lenders had asked for a debt5to5income ratio number for clarity and so are no# complaining regarding it.1actly #hat does this implies for your rural borro#ers4lfred Winningham, testifying on behalf of the ?ural Bankers 4ssociation, mentioned that the ne# +ualified mortgage rule #ill restrict mortgage lending in rural areas. Mr. Winningham@s  bank can/t pay for the legal perils of epanding its lending efforts, although his bank is eempt from some of the rules since it under#rites less than A== mortgages annually. e!ertheless in =<, Winningham@s bank closed >>< mortgages, that #ill lea!e little room for de!elopment in mortgage lending side.Where do Credit unions fit in7enny Maloney, representing the 4merican 0ending &nstitution 4ssociation, testified that current regulations build a costly and unnecessary -compliance burden.- She remarked that -Credit unions didn/t result in the financial crisis and shouldn/t be caught inside the crosshairs of regulations geared to#ards those entities that did.( Ms. Maloney testified that getting a better mortgage can be achie!ed using #ebsites like iWantaBetterMortgage.Com. Businesses like this can help lo#er costs industry #ide on both the consumer and mortgage lenders end. &t@s a #in5#in for the industry.

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