A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses. Traditionally, banks and other lending institutions have sold their own products. As markets for mortgages have become more competitive, however.
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How Mortgage Rate Hikes Could Help or Hurt Your Chances of Buying – "The overall rule of thumb is for every 1 percent [of a rate increase], it affects your purchasing power by 12 percent," said Ron Riemer, a mortgage broker with Douglas Elliman Capital. That means, if.
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Should you overpay a mortgage or offset while savings rates are low? – Aaron Strutt, of mortgage broker Trinity Financial, says: ‘Offset mortgages can save clients a considerable amount of money and reduce their mortgage term when they put bonuses or savings in the.