Why do you need a Certified Mortgage Planning Specialist? CMPS professionals have demonstrated financial knowledge and expertise regarding the tax and financial planning implications of various mortgage and real estate investment strategies.
Unlike a mortgage “broker,” the mortgage company still closes and funds the loan directly. Because these companies only service mortgage loans, they can streamline their process much better than a bank. This is a great advantage, meaning your loan can close quicker.
What Is a Certified Mortgage Planning Specialist? ... A group of mortgage lending specialists and financial planners banded together to create this designation in an effort to educate mortgage originators on the impact that home loans have on the rest of a client's financial situation.
Shopping for Mortgage Rates
Mortgage planners must have regional mortgage licensing, undergo structured training, and pass a battery of tests in order to be certified by private certified mortgage planning institutions.
VA loans are often considered the best mortgages on the market, and for good reason: they offer lower rates than 'standard' loans, and there is never any monthly mortgage insurance required.
Best banks to get your home loan in 2021
Whereas sites like LendingTree and Zillow essentially act as brokers, sending your basic information to multiple mortgage providers, Quicken Loans is a direct lender. That has its pros and cons. Using Quicken Loans means you won't receive an onslaught of emails from lenders trying to get your business.
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