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How to Find and Work With a Lender

Should you choose a bank, savings and loan, credit union or mortgage broker? Find out the difference between being pre-approved and pre-qualified, and why you should care. What does your credit report say about you and how can you fix bad credit? What's a good faith estimate?

At the time of writing, Elizabeth Weintraub, DRE # 00697006, is a Broker-Associate at Lyon Real Estate in Sacramento, California.

PSA Definition - What is a PSA?
Definition of PSA as it pertains to mortgage service providers. Explanation of how a PSA works.

Mortgage Broker Representation
Relationships between mortgage brokers, loan officers and borrowers. How home buyers can protect themselves when buying a home and getting a mortgage. Why most lenders have no fiduciary relationship to a home buyer, do not need to look out for the home buyer's best interests and can serve their own.

Subprime Mortgage Lenders - Why are Subprime Mortgage Lenders Crashing
The effect of subprime mortgage loans and subprime lenders on real estate. What are subprime loans? How does the crash of the subprime lending market affect borrowers?

How to Recognize Predatory Mortgage Lenders
How to figure out if you're dealing with a shady mortgage lender. Don't be gouged or taken for a ride. Know the signs of predatory lenders and avoid them.

Where to Get a Mortgage
All about lending institutions that make real estate loans. The differences among mortgage lenders such as mortgage brokers, mortgage bankers, banks, savings and loans and credit unions.

Questions to Ask Your Mortgage Broker or Lender
How do you know if you're getting the best mortgage loan or dealing with the best lender? Carry this list of questions to ask with you when shopping for a loan. There is more that separates loan officers and mortgage brokers from each other than interest rates and points.

Mortgage Broker Answers to Your Interview Questions
How to tell if the answers your mortgage broker gives you at an interview are the answers a smart borrower would want to hear. The types of responses that are satisfactory to home buyers when interviewing a mortgage broker or lender.

FTC Information on Free Credit Report
There is really only one safe place to go to get your free credit report online, but before you click, read what the Federal Trade Commission has to say about your consumer rights at this link. Then click on Annual Credit Report from inside the FTC Web site.

Lender Disclosures
You can compare Good Faith Estimates (GFE) among loan candidates, but make sure you are comparing apples to apples. Learn how to read a GFE, understand what it discloses to you and find out what other disclosures you are entitled to receive under the Real Estate Settlement Procedures Act (RESPA).

Banks & Mortgage Brokers
Where is the best place to find a loan? Is it your local bank where you maintain a checking & savings? How do mortgage brokers get paid? There are differences among lenders in the financial market place and if you don't know what they are, it could cost you.

Down Payment Assistance
Did you know that you might qualify for down payment assistance that does not require repayment? Find out how to qualify and how much money you might receive to help with your down payment needs.

Biography of Dan Tharp
Bio of Dan Tharp, CMPS® at Vitek Mortgage, Sacramento.

Biography of Catherine Coy
Biography of mortgage broker Catherine Coy.

Biography of Robert Pirozzi
Biography and photo of Robert Pirozzi

Biography of Chris Birk
Biography of Chris Birk

The Basics of a Good Faith Estimate
Understanding the good faith estimate. How to comparison shop among mortgage brokers by using the good faith estimate.

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