Industry News

Keep chin above mortgage waters

Diary of a Real Estate Rookie
Published on Apr 7, 2008

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by CareyBot

"We were supposed to close today, and our mortgage broker just requested some extra paperwork from the lawyer yesterday. Why didn't she ask for it earlier instead of screwing up our closing?"

"The apartment makes sense for us to buy if it saves us $7,000 a month in rent -- do those numbers work?"

"If you use a mortgage broker, who pays the fees: you or the bank?"

"I heard interest rates were at 6 percent -- how come I got quoted 8 percent on my loan?"

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