Finally, Some Love for Mortgage Brokers!

In an interview David Bach did with Bankrate.com, he discusses the cost of mortgage refinances. (David Bach is the author of the Automatic Millionaire series of books, and is, not incidentally, a former senior vice president at the Wall Street investment firm Morgan Stanley.) “You have to factor in all the closing costs for a refinance. There is no such thing as a no-cost loan. The loan documents, the HUD-1 settlement statement details it all.” And my favorite: “…There are more good mortgage loan people out there than bad. It’s a very regulated industry.” You can read the full article at http://www.bankrate.com/