| Chapter 13 bankruptcies can stay on your credit | | | | An online mortgage broker can't actually lend you |
| for seven years and Chapter 7 bankruptcies can | | | | money directlty, but they can find someone who |
| linger for as long as ten. This doesn't mean that | | | | will. You're probably wondering what's in it for the |
| you can't qualify for an Idaho mortgage refinance, | | | | broker. The answer is fees. Brokers receive fees |
| but it does mean that you will have to work | | | | from you and fees from the lender. While the |
| harder to get better rates and terms. One of the | | | | idea of paying additional fees on your Idaho |
| best ways to get the refinance deal you're looking | | | | mortgage refinance may not sound appealing, the |
| for is with an online mortgage broker. | | | | money a broker can save you will negate any |
| Why Use an Online Mortgage Broker? | | | | extra that you spend on their services. |
| After filing bankruptcy, you will want lenders to | | | | Idaho Broker Rules |
| look at more than just your credit history. You | | | | Some states have strict rules when it comes to |
| want them to look at the whole picture--income, | | | | mortgage brokers and some don't. Idaho falls |
| your ability to pay back the loan, and the reasons | | | | somewhere in the middle. The state requires that |
| behind the refinance. An online mortgage broker | | | | mortgage brokers have three years of |
| who is familiar with Idaho mortgage refinances will | | | | experience in residential mortgage lending, a |
| know exactly which lenders will do this and which | | | | license, and a surety bond of $10,000. When |
| ones won't, saving you from taking the time to | | | | shopping for a broker to handle your Idaho |
| find out on your own. | | | | mortgage refinance, you should get referrals and |
| How Does a Broker Differ From a Lender? | | | | carefully check out the broker's credentials. |