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(Mortgage) Letter Of Direction Deciphered
A letter of direction is a legal document that a client signs in order to acknowledge and direct the lawyer to take a fee for the Mortgage transaction. The signature has to be witnessed. This direction only applies if the client must pay a mortgage brokerage fee. This fee is a percentage of the loan,…
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What A Private Mortgage Loan Looks Like. On Closing.
A Private Mortgage is something that looks expensive because it is. Below, Mortgage Suite breaks down all costs in a list to show you what it would look like and cost. There is a lot of info in this Mortgage Sheets breakdown. In order to get in to this type of Purchase or Refinance, you…
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What Everyone Ought To Know About Mortgage Fees
This topic could expand into an all encompassing look at the actual process and degree of tenacity and skill it takes a broker/agent to obtain approvals on certain mortgage loans but we’ll skim here in this post. We are basing this on Borrower Types, and mortgage types we see in the current mortgage industry in…