So just how does someone consider using a loans? The job can get you to places you didn’t expect think about you didn’t expect. Trying to modify the loan yourself might end in disaster.
One of the worst things you can EVER say as a Loan Officer is “I don’t have enough time.” That is probably the one thing that will turn your borrower off so fast, neither one of you will know what hit you.

Credit History: It’s necessary to have had debt so the lender can judge you on your repayment history. You should have a bank account and a credit card. If you have no credit, start with a secured credit card which allows you to pre-pay money on a card and then use it. Also, there are credit cards available to those with no credit or bad credit history, however be aware that these can have a higher APR meaning you pay more interest. Usually department store cards will approve those with no credit for a credit card.

Did that seem like a lot to chew on in the last step? Well, if you go and get pre-qualified, you what are the duties of a loan officer essentially passing off all this responsibility to a loan officer. They will be able to help check your credit, align your income and debt, and come back with a number indicating how much you’ll be able to spend. Most will even do it for free! If you live in SW Florida, visit my website to get started today. Picking a loan officer is important. Many people do not like . What you will find out is that they are not really searching for what are the duties of a loan officer but for something else. You will be entrusting them with lots of personal information and thousands of your dollars. Make sure you can trust this person! Check out the company they work for and its history–be sure it is reputable.

What If The Payments Aren’t Affordable? Most people worry about whether or not they’ll be able to make the monthly payments on a loan without taking into account the loan’s term, total interest paid, and loan origination fees or pre-payment penalties.

Set a goal. For instance, you can ask yourself, “How many loans do I need?” If you need ten loans a month, then you need ten people who will send you at least one loan a month. Your goals must be realistic.

Keep in mind that your actual score could make a big difference with your mortgage rates. You may be offered a higher rate if you do not know where you stand. Just before you decide to get a mortgage loan or any kind of loan, it is recommended that you review your credit file and be aware of your precise credit standing.

Ask your loan officer if the loan is a fixed rate mortgage or an adjustable rate mortgage. The advantages of a fixed rate mortgage are no surprises. Your payment will remain the same for as long as you have that loan. The advantages to an adjustable are usually a rate that is 1.5%-2% lower. This can equal huge savings. For example: a $100,000 loan with a rate of 5.5% is $567.00 per month (principal and interest only). A $100,000 loan with a 3.5% interest rate is $449.04 per month. Over a 3 year term, this will save the borrower $4,246.56. The disadvantages of an adjustable rate loan are that the payment may increase in the future. Always ask for the worst case payment based on the highest rate.

What a great grounding McDonalds (and in fairness, other fast food chains as well) give these youngsters, they are being fitted for a successful customer service career. A definite good rating for this.

So now you may ask, “How was I able to describe you so well?” It’s because I am you. Been there… Done that… Escaped from it… Lived to tell about it… Click my link below and I can help you live to tell about it to.