Bright Vision Mortgage Broker
in Mortgage Brokers from Bright Vision MortgageUnaffiliated
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Bright Vision Mortgage Broker Review
Bright Vision Mortgage Broker services are offered by Bright Vision Mortgage (NMLS #148966), a licensed broker founded in 2006 and based in Ponte Vedra Beach, FL. Bright Vision Mortgage Broker services are available in 2 states across the USA.
How does Bright Vision Mortgage Broker get paid?
Mortgage brokers get paid either by lenders or by borrowers. However, they cannot receive compensation from both parties.
Bright Vision Mortgage gets paid by borrowers. This means Bright Vision Mortgage works for you and will not be influenced by lender commissions. This fee model may help borrowers get lower rates and better terms, but it can also increase the upfront mortgage costs.Bright Vision Mortgage gets paid by lenders. Lender-paid compensation is the most common fee model among mortgage brokers. This fee model can help bring down the upfront costs to borrowers. However, it also gives brokers the incentive of promoting lenders that pay higher commissions.
What fees does Bright Vision 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 Bright Vision Mortgage Broker charge broker administration fees?
No, Bright Vision Mortgage Broker does not charge a broker administration fee.
Does Bright Vision Mortgage Broker charge broker loan origination fees?
No, Bright Vision Mortgage Broker does not charge a broker loan origination fees.
Does Bright Vision Mortgage Broker charge broker upfront fees?
No, Bright Vision Mortgage Broker does not charge broker upfront fees.
Does Bright Vision Mortgage Broker charge a yield-spread premium?
No, Bright Vision 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 Bright Vision Mortgage Broker offer?
Bright Vision 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%.
- USDA: A zero down payment mortgage loan with low rates for suburban and rural homebuyers.
- 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 Bright Vision Mortgage Broker broker?Bright Vision Mortgage Broker works with the following types of mortgages:
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- North Carolina
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