I asked my mortgage broker for a good faith estimate and he wants to know ‘why’ i want it. He is asking why I am not interested in the cost loan (lower rate) instead of the no cost/no fee loan. I won’t say that there aren’t any honest mortgage lenders, but in my experience you [...]

I can understand asking for paystubs, and backup that I have enough to make the down payment I’ve said I’m going to make, but I have a lender who is asking for brokerage statements and two years of tax returns as well. Is this normal? depends on what you do for a living…and if you’re [...]

I am curious as to whether mortgage lenders have access to the balance on a lenders credit cards? I know they can access credit reports that inform them whether you have made any late payments but wanted to know if they have access to information to let them see how much you currently have borrowed [...]