In These Times

Here are the Top 10 Mistakes Mortgage Borrowers Make: 1. Not knowing which mortgage fees the borrower can -- and cannot -- negotiate. Or how the lender actually makes money on you. Without this understanding, a smooth operator could bilk you out of thousands of extra dollars . . . in mere seconds, since you don't actually write a check for these costs. Remember, the loan officer is different from your friendly bank teller. The bank teller is probably paid a salary to be courteous and helpful. The loan officer's job is to make money and is probably paid on commission. …

Posted to The Subprime Bait and Switch