in Mortgage Brokers from ABLEnding, IncUnaffiliated
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ABLEnding Mortgage Broker Review
ABLEnding Mortgage Broker services are offered by ABLEnding, Inc, a licensed broker founded in 2000 and based in Scottsdale, AZ. ABLEnding Mortgage Broker services are available in 2 states across the USA.
How does ABLEnding Mortgage Broker get paid?
Mortgage brokers get paid either by lenders or by borrowers. However, they cannot receive compensation from both parties.
ABLEnding, Inc offers lender and borrower-paid fee models. Borrowers can choose which model works best for their circumstances. Typically, lender-paid compensation rates result in higher fees for borrowers. However, borrower-paid rates increase the upfront costs of getting a mortgage.
What fees does ABLEnding Mortgage Broker charge?
Although cost should not be the only factor when choosing mortgage brokers, it is smart to compare the rates, fees, and services mortgage brokers offer before making a decision.
Does ABLEnding Mortgage Broker charge broker administration fees?
No, ABLEnding Mortgage Broker does not charge a broker administration fee.
Does ABLEnding Mortgage Broker charge broker loan origination fees?
No, ABLEnding Mortgage Broker does not charge a broker loan origination fees.
Does ABLEnding Mortgage Broker charge broker upfront fees?
No, ABLEnding Mortgage Broker does not charge broker upfront fees.
Does ABLEnding Mortgage Broker charge a yield-spread premium?
No, ABLEnding Mortgage Broker does not receive a yield spread premium from borrowers. Brokers that are paid a yield-spread premium from lenders have an incentive to steer borrowers to lenders thatt offer higher yield-spread premiums even if they qualify for a lower interest with another lender. This is not always bad for borrowers as it can lower the upfront costs of a mortgage. For instance, borrowers who only plan to hold a mortgage for a few years may find this option cheaper.
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What mortgage programs does ABLEnding Mortgage Broker offer?
ABLEnding Mortgage Broker offers the following mortgage programs:
- Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
- FHA: Mortgages insured by the FHA, which usually have less stringent eligibility requirements, but borrowers must pay a mortgage insurance premium. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
- Jumbo: Any mortgage with a loan amount above the conforming loan limits set by Fannie Mae and Freddie Mac. As of 2018, the jumbo threshold is $453,100 in most of the United States.
- VA: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses.
What types of mortgage does ABLEnding Mortgage Broker broker?ABLEnding Mortgage Broker works with the following types of mortgages:
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